This browser is not actively supported anymore. For the best passle experience, we strongly recommend you upgrade your browser.
| less than a minute read

B2B Data Platform Vendor Settling Breach Claims for $8.1M

In a sign of the times, a B2B vendor of file-sharing software has moved to settle class-action claims involving a data breach for $8.1M. The vendor does not directly acquire information from consumers; rather, its large business customers (including grocery stores and banks) collect such information from consumers and use the defendant's software to manage it. Many of those customers are also defending legal claims related to the data breach.  

Settlements such as this one are likely to be increasingly common, as privacy legislation increasingly requires the protection of consumer data by both B2C companies and their technology vendors. Being a technology service provider in today's environment means being aware of and attentive to the increasing role that data privacy and security play at all levels of the value chain.  

The proposed class, millions of individuals whose data was stored by companies that used Accellion's file transfer product, in a recently amended complaint said information including names, birthdates, Social Security numbers, medical and drivers' license information was exposed.

Tags

insights, hill_mitzi, data security and privacy