Target has insurance that could cover data breach claims

|About: Target Corporation (TGT)|By:, SA News Editor

Target (TGT -1.7%) has $175M in insurance that could cover claims made against it relating to its breach of customer data.

On top of $100M in cyber insurance, a $65M D&O policy could be tapped.

Retail consultants think other companies are shoring up their own insurance policies after seeing Target penetrated rather easily by hackers.