Putting a number to Target's data breach costs

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

Target (TGT +0.5%) could lose a few billion dollars due to the breach of customer data that occurred last year, according to some early estimates.

Slapping on wide discounts after the attack and paying for free credit monitoring services was just the start, note analysts. Marketing costs to repair the brand could be very high, while before too long banks will be in line to ask for payments on fraudulent transaction on stolen cards.