Data breach victims get $19.05 payout

Powered by SC Magazine
 

Busy day for administrator.

An administrator working for the US Federal Trade Commission has been given the task of mailing 14,023 cheques for US$18.17 ($19.05) to victims of the massive 2005 ChoicePoint data breach.

The data aggregation company (acquired by publishing giant Reed Elsevier in 2008) paid a $10 million settlement to the FTC in 2006 after it admitted that the financial records of 163,000 consumers in its database had been compromised due to its lax security.

It was also ordered to pay $5 million in "consumer redress".

The US$18.17 consumers will receive was for "time they may have spent monitoring their credit or taking other steps in response" to Choice Point violating the 2006 settlement, according to the FTC.

The reimbursement stems from a second settlement the company made with the FTC in 2009 as a result of it breaching the conditions of its first.

The FTC claimed that the data breach resulted in at least 800 cases of identity theft.

Copyright © iTnews.com.au . All rights reserved.


Data breach victims get $19.05 payout
 
 
 
Top Stories
Inside the stalemate on Australia's piracy code
Still not registered almost five months on.
 
IT staff outline deep anger in Macquarie Uni survey
‘Morale at lowest point in a decade’.
 
Cost blowout to push NBN past $41bn budget
But government funding cap to remain.
 
 
Sign up to receive iTnews email bulletins
   FOLLOW US...
Latest Comments
Polls
New Windows 10 users, are you upgrading from...




   |   View results
Windows 8
  47%
 
Windows 7
  44%
 
Windows XP
  5%
 
Another operating system
  3%
 
Windows Vista
  2%
TOTAL VOTES: 705

Vote