Colorado will receive $278,914 from the $18.5 million settlement that Target Corp. reached with 46 states and the District of Columbia over a massive data breach in 2013, Attorney General Cynthia Coffman announced Wednesday.
Hackers breached Target’s gateway server in November 2013, capturing contact information on more than 60 million customers and information on more than 41 million credit and debit cards.
About 1 million Colorado consumers had their information compromised, Coffman said in a statement.
Colorado is considered a U.S. hub for cybersecurity expertise. But compared to other states, Colorado has weaker data breach and privacy laws, which prevented the state from taking a lead in the litigation, she said.
“I will be convening a privacy working group this summer to research and recommend more effective legislation in the 2018 session. Colorado needs to move to the forefront in protecting consumers from theft of their personal information and the potentially devastating consequences,” said said.
The settlement also requires Target to implement and maintain tighter data security, including a review by an independent third-party firm.
