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Target Breach Losses Hit $148 Million

 
Target Breach Losses Hit $148 Million
Posted Thursday, August 7th 2014 @ 5am

MINNEAPOLIS — The financial fallout from Target's massive data breach continues to dog the mega-retailer.  Target says that for the quarter ending August 2nd, it racked up another 148-million dollars in costs related to the breach.  The losses are being partially offset by a 38-million dollar check from Target's insurance company.  From late November through early December of last year, data from about 40-million credit and debit cards was stolen from Target shoppers.

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