By Patrick Danner Published 10:00 am CDT, Tuesday, August 21, 2018 Photo: Bob Own /Staff Photographer Image 1of/1 CaptionClose Image 1 of 1 Employees at Globalscape enjoy a free breakfast in 2015. The company announced Tuesday it has settled a securities class-action lawsuit for $1.4 million. It said settlement papers contain no admission of wrongdoing. less Employees at Globalscape enjoy a free breakfast in 2015. The company announced Tuesday it has settled a securities class-action lawsuit for $1.4 million. It said settlement papers contain no admission of ... more Photo: Bob Own /Staff Photographer GlobalScape settles securities class action for $1.4M 1 / 1 Back to Gallery San Antonio software developer GlobalScape Inc. has settled a securities class-action lawsuit brought by stockholders for $1.4 million. … [Read more...] about GlobalScape settles securities class action for $1.4M
Class action suit definition
A year ago this week, the credit bureau Equifax saw signs of a problem on its network of a problem. A really big problem. Hackers had entered the company’s network, stealing the personal and financial data of more than 147 million people in the United States, including Social Security numbers, dates of birth, home addresses, and some driver's license numbers and credit card numbers. Though other breaches have exposed more total records, the Equifax debacle is generally considered the worst corporate data breach ever in the US, because of both the scale and the nature of the information it exposed. Equifax was also woefully underprepared to handle the fallout, botching both the public disclosure and its effort to make resources available to impacted people. In the months since, the credit bureau has remained fairly quiet amidst class action suits, congressional scrutiny, a Federal Trade Commission probe, and a wave of new state regulations designed to ensure that Equifax … [Read more...] about Equifax’s Security Overhaul, a Year After Its Epic Breach
June 12, 2018 - Written By Alexander Maxham On June 4, Sprint settled a class-action lawsuit with thousands of sales employees. Sprint settled for $3.65 million on a class-action lawsuit that has been going on for over nine years in the US District Court of Kansas City, Kansas. Back in May 2008, almost four thousand Sprint business channel sales employees filed this suit against Sprint. The argument was the fact that Sprint failed to pay commissions they were owed after merging with Nextel. The employees said that the system Sprint was using was not able to track commissions and pay data for several years. Of course, Sprint is still continuing to deny these allegations.This was a pretty long lawsuit for Sprint and these employees, and while the employees did ultimately end up winning, it is a pretty small settlement. Just $3.65 million. After paying off the lawyers that argued the case, the employees involved here likely won’t receive much money from this class-action lawsuit, … [Read more...] about Sprint Settles Class-Action Lawsuit With Sales Employees For $3.65M
The revelation that personal data from millions of Facebook profiles was harvested to target users with politically motivated ads, is continuing to feature in the news headlines. The scandal involving Global Scientific Research and Cambridge Analytica couldn’t have brought the collection and use of personal data to the attention of the wider public at a more pertinent moment. On May 25th, the General Data Protection Regulation (GDPR) comes into force, giving consumers more control over their information, introducing strict penalties for those who don’t comply. When a major player such as Facebook comes under scrutiny in this way, it inevitably has wider implications for the digital ecosystem. So will the recent revelations lead to stricter enforcement – a ‘hard’ GDPR instead of the much hoped for ‘soft’ version – and how can companies learn from the Facebook situation to ensure they don’t fall foul of the law? A … [Read more...] about Will the Facebook scandal lead to a ‘hard’ GDPR?
It’s become a cliché in the information security world because it is true: You’re only as secure as your weakest link. Unfortunately, it’s true even if that weakest link isn’t part of your own organisation. If a third party with access to your systems—contractor, partner, supplier—gets breached, well then, you’ve been breached too. Supposedly, anybody who hadn’t been aware of that prior to 2014 got the proverbial wake-up call then, after megaretailer Target’s point-of-sale (PoS) systems were breached because hackers had penetrated a third party—an HVAC contractor—via malware delivered in an email. That enabled the compromise of 41 million credit card numbers and 70 million addresses, phone numbers, and other pieces of personal information. But awareness apparently hasn’t led to more rigorous security, at least on average, throughout organisations’ information ecosystems. … [Read more...] about Third parties can be your weakest security link