Target Invests $5 Million in Security Education, Offers Free Credit Monitoring to Customers for 1 Year

Target (NYSE: TGT) is still taking steps to redeem itself after nearly 100 million of its shoppers were put at risk during last month's massive data breach.

The company announced that it's providing $5 million to support a new cybersecurity coalition that will educate the public on the dangers of cybercrime and phishing scams. The National Cyber-Forensics & Training Alliance, National Cyber Security Alliance and Council of Better Business Bureaus will partner with Target to facilitate the program which Target hopes will increase the public's awareness about cybersecurity.

"In the days ahead, Target will announce a coalition to help educate the public on the dangers of consumer scams," Target president and CEO Gregg Steinhafel wrote in a statement. "We also will accelerate the conversation — among customers, retailers, the financial community, regulators and others — on adopting newer, more secure technologies that protect consumers."

Target has also hired Experian to provide its ProtectMyID credit monitoring and identity theft protection service to any Target customer who shopped in one of its U.S. stores. Customers who wish to participate must do so between now and April 23. The ProtectMyID service will include a free copy of their Experian credit report and daily credit monitoring. For Target shoppers who have fallen victim to identity theft or fraud, they will receive Identity Theft Insurance and will be assigned a dedicated, U.S.-based Experian Fraud Resolution Agent until the fraud resolution process is complete.

For more see:
-this CIO article
-this Target statement

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