Data Breach Settlement Highlights Need for Proactive Management of Data Security Threats
Lincare Inc. recently agreed to settle a class action lawsuit for $875,000. The class plaintiffs consisted of employees whose personal information was compromised in 2017. The breach involved a business email compromise scam.
The settlement amount is not the only cost to the company and in fact may cost less than implementing remedial measures (credit/identity monitoring) and IT reforms to prevent such an incident from happening in the future. For example, the settlement terms dictate that an additional two years of free credit and identity…
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