Target Agrees To $10M Settlement For Data Breach

Target has agreed to pay $10 million under a proposed settlement in a class-action lawsuit stemming from a massive 2013 data breach, the company confirmed to CBS News. "We are pleased to see the process moving forward and look forward to its resolution," Target spokesperson Molly Snyder told CBS News late Wednesday. The proposed settlement, which must be approved by a federal district court judge, creates a settlement account that could pay individual victims up to $10,000 in damages, according to court documents.