ChoicePoint Inc. (NYSE: CPS) Pays $10M to Settle Data Breach Lawsuit

ChoicePoint Inc. (NYSE: CPS) is paying $10 million to settle a class-action lawsuit related to a data breach incident from 2005.   In the related data breach, the personal information of 160,000 consumers was put at risk. 

The $10 million payment if approved by the U.S. District Court in Georgia, would settle the lawsuit brought by shareholders against named defendants ChoicePoint and certain of its officers.  As part of the settlement, ChoicePoint will admit no liability in the data breach incident.

Score one for big business and shareholders.  However, consumers today still don't have comprehensive federal legislation to protect their data privacy allow impose stiff financial penalties on companies that put their personal information at risk.

Computerworld
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