Does the proposed class action settlement in the Certegy data breach case lack teeth?
I happened to notice, I was getting a lot of hits on some posts about the Certegy data breach and discovered that there is a proposed settlement in the class action law suit against them. Tim Wilson at Dark Reading pointed out that this settlement amounts to Certegy paying less than $1 per victim and wrote: Certegy Check Services is proposing to settle a class action lawsuit of last year’s security breach on behalf of 8.4 million victims for about $4 million. According to a report in the St. Petersburg (Fla.) Times, Certegy will also offer free credit monitoring services to some victims and reimbursement of credit monitoring expenses totaling $1 million on a first-come-first-served basis. He also surmised in his article that: While plaintiffs’ lawyers hailed the offer as a victory, critics said the relatively small settlement will not help the cause of identity protection. The massive TJX breach also resulted in a relatively small settlement for the victims, netting about $6.5 million
