Lisa Hoffman reports: A security breach that opened more than 6 million passwords to online viewing and spawned a putative class action will cost LinkedIn Corp. $1.25 million to settle. The preliminary agreement was reached August 15 in In Re: LinkedIn User Privacy Litigation, a consolidated action through which plaintiffs alleged the professional networking site misrepresented the strength…
Category: Business Sector
Cost of Target Data Breach: $148 Million Plus Loss of Trust
Jennifer LeClaire reports: The now infamous Target data Relevant Products/Services breach is still costing the company — and its shareholders — plenty. In fact, the retailing giant forecast the December 2013 incident cost shareholders $148 million. The company also lowered its full-year earnings forecast in the wake of the breach and its stock took a…
Update: UPS Store breach involved 105,000 transactions
Mathew J. Schwartz has more on the recently disclosed malware breach that impacted 51 UPS Store franchise centers. Read his report on InfoRisk Today
UPS Store discovers malware intrusion; notifies customers at 51 franchise locations
From the uh-oh dept.: UPS Store, on behalf of 51 franchise center locations writes: We are writing to notify you of an incident that involves certain of your personal information. The UPS Store, Inc. (“The UPS Store”), among many other U.S. retailers, recently received a government bulletin regarding a broad-based malware intrusion targeting retailers in the United…
St. Louis housing complex manager admits stealing identities
Robert Patrick reports: The manager of the Clinton-Peabody Housing Complex here has admitted stealing the personal information of residents and using it file false tax returns, the U.S. Attorney’s Office said Wednesday. Marsha Harrington, 42, used tenants’ Social Security numbers and other personal information, filed false tax returns and kept the refunds, they said. Two…
FTC Settlement Requires Fandango and Credit Karma to Establish Comprehensive Security Programs to Protect Consumers’ Sensitive Personal Information
Meena Harris writes: The Federal Trade Commission (“FTC”) has approved final orders settling charges against Fandango and Credit Karma that the companies misrepresented the security of their mobile apps and failed to protect the transmission of consumers’ sensitive personal information. The FTC specifically alleged that, although the companies made security promises to consumers that their…