Neiman Marcus Settles Data Breach Litigation for $1.5 Million
Neiman Marcus Group LLC has settled an investigation of its 2013 data breach with 43 states and the District of Columbia for $1.5 million. The data breach involved 370,000 credit cards, where 9,200 of the cards were used in a fraudulent manner.
Illinois Attorney General Lisa Madigan, and Connecticut Attorney General George Jepsen led the investigation on behalf of the other AGs. As a result of the settlement, the AGs in all of the states that were involved will not pursue separate claims against Neiman Marcus, and Neiman Marcus has agreed to take steps to beef up security measures to protect a breach from occurring again.