Target settlement approved, $10 million for data breach victims

On Thursday, a federal judge endorsed a Target class-action settlement to pay $10 million to victims of the massive data breach in 2013. The move will allow people to begin filing claims ahead of another hearing for final approval. 

The money will be put into a fund for breach victims. Victims of the data breach will be eligible for up to $10,000 dollars in compensation with proof of their losses, including lost time dealing with the problem. 

Target's data breach exposed details of as many as 40 million credit and debit card accounts and hurt its holiday sales that year. The company offered free credit monitoring for affected customers and overhauled its security systems.

The Associated Press contributed to this report.

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