Morgan Stanley Ordered to Pay $6.5 Million for Exposing Customer Information

Morgan Stanley agrees to pay $6.5 million for exposing personal information through negligent data-security practices.
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Nonprofit Service Provider Blackbaud Settles Data Breach Case for $49.5M With States

The fundraising software company Blackbaud has agreed to pay $49.5 million to settle claims brought by the attorneys general of 49 states and Washington, D.C., related to a 2020 data breach.
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Hackaday Links: August 7, 2022

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If you ever needed proof that class-action lawsuits are a good deal only for the lawyers, look no further than the news that Tim Hortons will settle a data-tracking suit …read more Continue reading Hackaday Links: August 7, 2022

Travel-booking company Sabre Corp. settles with 27 states over breach of credit card data

Sabre Corp. will make a $2.4 million payout and shore up its cybersecurity policies under an agreement with 27 state attorneys general who investigated a breach of its hotel-booking technology. The settlement, announced Wednesday, involves a 2016 intrusion into the SynXis Central Reservation, run by the Texas-based corporation’s Sabre Hospitality Solutions subsidiary. The breach exposed the details of about 1.3 million credit cards. The attorneys general held that Sabre responded poorly to the incident, particularly in notifying people that their information might be compromised. “Sabre first failed its customers with a susceptible security system, then failed them when it came to provide proper notifications,” said New York Attorney General Letitia James. “Today’s agreement not only imposes a hefty fine on Sabre but will ensure that the company has the appropriate security and incident response plan in place so that its failure does not take place again.” In announcing the breach […]

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Facebook to Pay $550M to Settle Class Action Case Over Facial Recognition

The settlement in a case over the social network’s Tag Suggestions feature is the latest financial blow the company has taken over its handling of user privacy. Continue reading Facebook to Pay $550M to Settle Class Action Case Over Facial Recognition

Equifax to pay customers $380.5 million as part of final breach settlement

Equifax has agreed to pay $380.5 million to resolve allegations related to the 2017 data breach in which hackers stole information belonging to some 147 million Americans, under the terms of a settlement approved by a federal judge. A court in the Northern District of Georgia on Monday approved an agreement covering the roughly 147 million people whose information was compromised when hackers spent May 2017 through July 2017 lurking in Equifax’s system. Equifax had failed to fix a known vulnerability, resulting in the theft of information about many Americans who never signed up with the credit monitoring service. A House Oversight committee in October 2018 said the incident was “entirely preventable.” Under the terms of the settlement, Equifax will deposit the $380.5 million into a fund where members of the class action suit can withdraw up to $20,000, if they can prove out-of-pocket losses. Equifax may also be required to […]

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