The Securities and Exchange Commission (SEC) has decided not to penalize Target for its 2013 cyber-attack, which resulted in the exposure of millions of customers’ data, StarTribune reports. The SEC was one of several government entities investigating the company following the breach, the report states. In Target’s quarterly results document, which was filed with the SEC and published online for Target’s investors, the company said the SEC’s investigation had ended and that it “does not intend to recommend an enforcement action against us.” State attorneys general and private litigators continue to investigate, which may result in penalties or settlements, the report states.
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