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: Hack
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…
LA: Data Breach at University of Louisiana at Monroe impacts recent graduates
ULM [the University of Louisiana at Monroe] says they experienced a data security breach on Tuesday when a employee’s email account was accessed by an unauthorized individual. This security breach may have compromised the personal information of students who graduated from ULM in Fall 2013, and Spring 2014. The university says data security measures have been reinforced…
Three North Dakota University System IT employees put on administrative leave for data breach
An update to a breach previously noted on this blog. Anna Burlson reports: Three North Dakota University System employees who dealt in IT security have been put on administrative leave following a massive security breach last winter. The personal information of more than 290,000 current and past NDUS students was vulnerable for four months before…
Supervalu lawsuit: Hackers may have stolen credit card info from local Shop ‘n Save customers
Daniel Kelly reports: A class-action lawsuit alleges a national chain of grocery stores, which includes several local Shop ‘n Save stores, failed to protect its customers from hackers who may have stolen their financial information. Representatives of Supervalu, the parent company of Shop ‘n Save, have said they do not know of any customers affected…
MeetMe’s notification to California Attorney General’s Office
MEETME STATUTORY NOTICE NEW HOPE, Pa., August 15, 2014 — MeetMe, Inc. today announced that it has recently discovered a security breach within its network that compromised certain information in at least some MeetMe user accounts. Specifically, between August 5 and 7 of this year, MeetMe believes that hackers gained access to some user names, email addresses, and encrypted…