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
Meet FABACUS, Westpac's first computer
GE225 operators celebrate gold anniversary.
 
NSW Govt gets ready to throw out the floppy disks
[Opinion] Dominic Perrottet says its time for government to catch up.
 
iiNet facing new copyright battle with Hollywood
Fighting to protect customer details.
 
 
Sign up to receive iTnews email bulletins
   FOLLOW US...
Latest Comments
Polls
In which area is your IT shop hiring the most staff?




   |   View results
IT security and risk
  26%
 
Sourcing and strategy
  12%
 
IT infrastructure (servers, storage, networking)
  22%
 
End user computing (desktops, mobiles, apps)
  15%
 
Software development
  26%
TOTAL VOTES: 333

Vote
Would your InfoSec team be prepared to share threat data with the Australian Government?

   |   View results
Yes
  57%
 
No
  43%
TOTAL VOTES: 138

Vote