An administrator working for the US Federal Trade Commission has been given the task of mailing 14,023 cheques for US$18.17 ($19.05) to victims of the massive 2005 ChoicePoint data breach.
The data aggregation company (acquired by publishing giant Reed Elsevier in 2008) paid a $10 million settlement to the FTC in 2006 after it admitted that the financial records of 163,000 consumers in its database had been compromised due to its lax security.
It was also ordered to pay $5 million in "consumer redress".
The US$18.17 consumers will receive was for "time they may have spent monitoring their credit or taking other steps in response" to Choice Point violating the 2006 settlement, according to the FTC.
The reimbursement stems from a second settlement the company made with the FTC in 2009 as a result of it breaching the conditions of its first.
The FTC claimed that the data breach resulted in at least 800 cases of identity theft.
Copyright © iTnews.com.au . All rights reserved.
Issue: 315 | May 2013
Access CRN's extensive online resources including; email bulletins, community discussions and unique online news.
Processing registration... Please wait.
This process can take up to a minute to complete.
A confirmation email has been sent to your email address - SUPPLIED GOES EMAIL HERE. Please click on the link in the email to verify your email address. You need to verify your email before you can log on to the CRN website or start posting comments on articles.
If you do not receive your confirmation email within the next few minutes, it may be because the email has been captured by a junk mail filter. Please ensure you add the domain '@crn.com.au' to your white-listed senders.
