Fergie's Tech Blog

Certegy Victims Offered Less Than a Buck

Tim Wilson writes on Dark Reading:

Certegy Check Services is proposing to settle a class action lawsuit of last year's security breach on behalf of 8.4 million victims for about $4 million.

According to a report in the St. Petersburg (Fla.) Times, Certegy will also offer free credit monitoring services to some victims and reimbursement of credit monitoring expenses totaling $1 million on a first-come-first-served basis.

The breach was first revealed last fall, when Certegy disclosed that an employee had been caught stealing and selling customer information. Upon investigation, the company found that the theft had been occurring methodically over a five-year period.

posted by Fergie @ 3/13/2008 07:04:00 PM