Court reverses, rules for Target against Chubb over breach

Court reverses, rules for Target against Chubb over breach

March 23, 2022, Business Insurance

Gretchen Hoff Varner was quoted by Business Insurance regarding the court’s reversal of its 2021 decision, now stating that Target can recover the settlements it paid to banks in connection with a data breach in 2013.

Gretchen said, "After nearly a decade of hard-fought dispute, we are delighted with the court's decision to award our client Target with summary judgment, adopting our position and ordering ACE to indemnify Target for the costs of replacing payment cards that were affected by the 2013 data breach. This is an important decision for policyholders who have experienced a data breach or other type of cyber event."

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