Thursday, October 22, 2015

More than $5.5M Settlement with Employees Over Data Breach

Class action attorneys have reached a settlement with Sony Pictures over a breach of employee data.

The bulk of the $5.5 - $8 million settlement will go to the lawyers who handled the case on a contingency basis. Sony Pictures employees who were part of the suit will each receive about $1,000, credit monitoring and $1 million in identity theft insurance while Sony would pick up the tab for a further $2.5 million — or up to $10,000 per individual — for class members who experience unreimbursed loss from identity theft attributable to the Sony Pictures cyberattack.

"[breach] that left the personal information of employees and ex-employees vulnerable."
- Hollywood Reporter
Organizations seeking to proactively detect data theft by hackers posing as insiders can utilize identity and activity analytics.
Learn how to proactively detect identity theft and unauthorized breaches of data privacy, even by insiders such as employees, contractors, providers, and vendors.
Sources:
(a) Sony's Settlement With Employees Over Hacked Data Worth More Than $5.5 Million - www.HollywoodReporter.com, 10/20/2015

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