Esset Koyal Group Capital Management: Target, MasterCard reach $19m deal

Esset Koyal Group Capital Management: Target, MasterCard reach $19m deal

Created on: Apr-22-2015   Published on: Apr-22-2015


8.5"x11" - Perfect Bound - Softcover - Color - Photo Book
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Target announced that it is about to finalize a deal with MasterCard that will reimburse banks around USD 19 million for expenses related to the former's massive security breach that compromised millions of credit card accounts.

It may be recalled that two years back, Target admitted to at least compromising 40 million credit card records due to a data breach during the peak of a holiday season. It was believed that the cyberattack endangered up to 110 million people by exposing their personal credentials like phone numbers and addresses. In a statement Esset Koyal Group Capital Management got, the cost of the settlement -- resulting from months of negotiations -- covers bank expenses associated with reissuing cards to affected customers.

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EKG CAPITAL MANAGEMENT, have been dedicated to valuing our clients and employees as the most important assets; and, we make sure to be ‘right there’ for them and for the whole industry the moment they need us. The kind of service we give has made us to be among the largest local independent accounting firms in Colorado.