Seeking Alpha

Target has insurance that could cover data breach claims

  • 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.
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Comments (7)
  • micium
    , contributor
    Comments (116) | Send Message
     
    100 plus 65 = 165 + 10 of what other insurance to get to 175?

     

    You can bet that rates are going to sky rocket, raising everyone's costs of doing business.
    21 Jan 2014, 02:42 PM Reply Like
  • Fear & Greed Trader
    , contributor
    Comments (6576) | Send Message
     
    Lemmings sell than ask the important questions later

     

    Use others "fear " to add profits to your portfolio..

     

    Remember the (CCL) disaster? the stock just made a 52 week high this month

     

    Good companies will get it fixed ..

     

    http://bit.ly/ZuafPa
    21 Jan 2014, 03:06 PM Reply Like
  • Studying_The_Game
    , contributor
    Comments (63) | Send Message
     
    I agree with your viewpoint. However, I believe it will go lower before all is said and done. If one is a dollar-cost averager, now would be a good time to start.
    21 Jan 2014, 06:36 PM Reply Like
  • Fear & Greed Trader
    , contributor
    Comments (6576) | Send Message
     
    Studying

     

    Agreed --- always tough to call the exact bottom,, scale into these shares .....
    21 Jan 2014, 06:41 PM Reply Like
  • MintyFresh32
    , contributor
    Comments (379) | Send Message
     
    Exactly, F&G. This appears to be a great time to accumulate TGT shares. It may languish for a while, and next earnings report or two could provide even lower entry prices, but for the long haul, this is a fine time to accumulate Target shares. Join our discussion of Target as a dividend growth stock here: http://bit.ly/13y3PMx.
    21 Jan 2014, 04:46 PM Reply Like
  • supersaverguy
    , contributor
    Comments (81) | Send Message
     
    CEO should be fired.
    21 Jan 2014, 05:51 PM Reply Like
  • positivethoughts
    , contributor
    Comments (2011) | Send Message
     
    The government - who breached the Target computers - will cover the losses.
    21 Jan 2014, 08:25 PM Reply Like
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