Target has $100M of cyber insurance, $65M of D&O cover

Target Corp., which last month had a massive data breach that exposed the credit and debit card information of some 70 million customers, has at least $100 million of cyber insurance, including self-insured retentions, and $65 million of directors and officers liability coverage, according to insurance industry sources. These well-placed sources, who requested anonymity, said Minneapolis-based Target is self-insured for the first $10 million of cyber coverage.