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.
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