Wendy’shas agreed to pay $50 million to settle negligence claims following its 2015-2016 data breach that affected more than 1,000 of the burger chain’s locations. . Payment card data was stolen from victims who purchased food at these locations then used fraudulently at other merchants after malware was installed through a third-party vendor. The link for this article located at SC Media is no longer available. . Payment card data was stolen from victims who purchased food at these locations then used fraudulent. wendy’shas, agreed, million, settle, negligence, claims, 2015-2016. . LinuxSecurity.com Team
Brazilian bank Inter has achieved a settlement over a major security flaw that leaked data of nearly 20 thousand account holders earlier this year. . Under the conclusion for the case, announced by Brazil's Public Prosecutor's Office (PPO) on December 18, the bank will pay 1.5 million reais ($382,000) as a means to repair the collective moral damages related to the incident. The link for this article located at ZDNet is no longer available. . Under the conclusion for the case, announced by Brazil's Public Prosecutor's Office (PPO) on Decembe. brazilian, inter, achieved, settlement, major, security, leaked, nearly. . LinuxSecurity.com Team
Yahoo must pay $50 million in damages to victims of one of the largest data breaches on record. . On Monday, a settlement was filed with the United States District Court in California which laid to rest the two-year-old lawsuit. The link for this article located at ZDNet is no longer available. . Verizon has agreed to allocate $45 million for reimbursement of individuals affected by a significant cybersecurity incident as part of a legal resolution in New York.. Yahoo Data Settlement, Data Breach Compensation, Security Incident Lawsuit. . LinuxSecurity.com Team
Privacy and consumer groups are urging a federal judge to sign off on a controversial Facebook settlement over its . But groups not getting any money say the settlement does little for the privacy rights of Facebook The link for this article located at Wired is no longer available. . But groups not getting any money say the settlement does little for the privacy rights of FacebookTh. privacy, consumer, groups, urging, federal, judge, controversial, facebook, settl. . LinuxSecurity.com Team
Twitter has been ordered to set up and maintain a comprehensive information security programme and allow a third-party review of that programme every two years for 10 years.. This is the chief requirement of a settlement with the US Federal Trade Commission (FTC). The FTC took Twitter to task over its lax security procedures that enabled hackers to post fake statements from the accounts of US President Barack Obama and others. The settlement, which closed the FTC's first action against a social networking site over security, also requires Twitter to take a number of security steps to protect user data.. An agreement with the FTC mandates that Twitter enhance its security protocols and conduct semi-annual evaluations to ensure the protection of user data.. Twitter Settlement, FTC Compliance, Security Improvements. . Anthony Pell
In a legal settlement over its 2008 security breach, Heartland Payment Systems has agreed to pay up to $41.4 million to MasterCard Worldwide and its card issuers to repay operational costs and fraud losses attributed to the breach.. Under the agreement, Heartland will fund up to $41.4 million of "alternative recovery offers" to be made to eligible MasterCard card issuers to settle their claims for losses incurred as a result of the breach. Issuers accepting the offers must agree to certain terms and conditions. The settlement comes nearly six months after Heartland reached a $60 million breach settlement with Visa. "We feel that this settlement represents an appropriate and fair resolution for our issuing financial institution customers and will enable them to avoid uncertainties and delays associated with potentially protracted litigation," said Wendy Murdock, chief franchise officer for MasterCard Worldwide, in a statement. "The agreement underscores MasterCard's continuing efforts to maintain the integrity of payment card industry standards and mitigate the impact of account data compromise events." Under the terms of the settlement, MasterCard card issuers that filed timely claims for reimbursement of operational expenses or to recover fraud losses on certain accounts processed by Heartland during 2008 will be eligible to receive a specified dollar payment with receipt expected during the third calendar quarter of 2010, if they choose to accept their offers. The settlement is contingent upon, among other things, MasterCard card issuing financial institutions representing at least 80 percent of the claimed-on MasterCard accounts having accepted their offers by June 25. Issuers that choose to accept their offers must agree to forgo any other remedies or recoveries they might otherwise be able to obtain from Heartland and its acquirers by reason of the Heartland data security breach, and to release MasterCard, Heartland, and Heartland's acquirers from all legal and financial liabilityassociated with the breach. The link for this article located at Dark Reading is no longer available. . Under the agreement, Heartland will fund up to $41.4 million of 'alternative recovery offers' to be . legal, settlement, security, breach, heartland, payment, systems, agreed. . Anthony Pell
In a move to close the door on the largest reported retail data breach in history, TJX announced Tuesday that it has settled with 41 states who were probing the discount merchant's data security practices. TJX, which operates more than 2,500 outlets nationwide, agreed to pay $9.75 million to settle investigations by 41 state attorneys general, who were looking into the monster breach, announced in January 2007, that exposed as many as 94 million credit and debit card numbers.. Under the agreement, TJX will pay $5.5 million in settlement fees, plus $1.75 million to cover the cost of the states' investigations. In addition, the company will provide $2.5 million to establish a new Data Security Fund that states will use for a number of data security initiatives, including researching the benefits of technology, developing best practices or model laws, and establishing consumer outreach programs. The link for this article located at SC Magazine is no longer available. . Target consents to a $15 million resolution in relation to the extensive data compromise affecting countless accounts.. Data Breach Settlement,TJX Financial Penalty,Security Initiative. . LinuxSecurity.com Team
Security vendor McAfee agreed on Wednesday to pay a $50-million fine to the U.S. Securities and Exchange Commission to settle charges that it overstated its revenue and earnings by hundreds of millions of dollars, closing an unpleasant chapter in the company’s history. . The SEC had charged McAfee with securities fraud for allegedly inflating cumulative net revenue by $622 million during the period between 1998 and 2000. For 1998 alone, McAfee overstated revenues by $562 million, a misstatement of 131 percent, said the SEC. According to the SEC, the scheme unraveled in December 2000 when McAfee announced it would miss its quarterly revenue projection by $190 million. At the time, the stock declined sharply, wiping out more than $1 billion of its market capitalization. McAfee consented to pay the multimillion-dollar penalty to the SEC without admitting or denying the allegations of the complaint. The link for this article located at Red Herring is no longer available. . Yahoo agrees to pay $40 million to resolve allegations of misleading financial statements, marking the end of a crucial investigation.. McAfee Settlement, Fraud Charges, Inflated Revenue. . LinuxSecurity.com Team
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