Fidelity sued over stolen details of 8.5 million customers
LOSSES & LAWSUITS
Certegy first estimated about 2.3 million records were compromised, but that figure has since risen to 8.5 million in filings with the US Securities and Exchange Commission.
A senior Certegy database administrator misappropriated millions of credit card, bank account and other confidential personal information. The ex-employee allegedly downloaded and sold on the information to data brokers for use in marketing rather than identity theft or fraud.
The law firm representing the state of California, San Francisco-based Girard Gibbs, which does not seek specific damages, alleges FNIS did not adequately notify consumers and that the companies failed to monitor and supervise activities of employees entrusted with personal information. Data breaches this year at FNIS and Monster.com could cost around $230 million and $130 million, respectively.
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here: http://subscriptions.risk.net/subscribe
You are currently unable to print this content. Please contact [email protected] to find out more.
You are currently unable to copy this content. Please contact [email protected] to find out more.
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Printing this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email [email protected]
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Copying this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email [email protected]
More on Regulation
Risk Management
Litigation threats seen delaying SEC climate disclosure rules
Efforts to demonstrate materiality of exposures to investment decision-making is taking longer than expected, say lawyers
Receive this by email