Target has announced the total cost of the massive data breach that hit its systems late in 2013 has reached $162 million, v3.co.uk reports. Target said the number would have been higher if it did not have cyber-insurance coverage. In separate news, Sony has asked a New York state appeals court to reverse a “landmark” ruling that freed several insurance companies from covering the Sony PlayStation breach from 2011. Meanwhile, law enforcement is investigating a potential intrusion into the National Archives. According to The Hill, “A data breach at the National Archives could endanger the personal information of former high-ranking administration officials and family members of former presidents.”
Full Story