One more organization is now settling after a breach affected over 600 thousand customers. Apparently BNY Mellon will pay for 3 years of credit monitoring (initial 2 years and now an additional 12 months). At a very conservative estimate of say $10 for each person for three years, this comes to $6M - at $50 it is about $30M.
Amazing that folks dont take protecting data more seriously as opposed to making the three credit agencies wealthy!
Wednesday, February 4, 2009
BNY Mellon settles after breach
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