Airport retailer agrees to $6.9 million settlement over ransomware data breach
The airport retail company Paradies Shops is nearing a $6.9 million settlement to resolve a class-action lawsuit following a ransomware attack in 2020 that compromised personal information of 76,000 employees.
Key Points
- The settlement was preliminarily approved by a federal judge in Georgia.
- Attackers accessed personal data, including Social Security numbers, over five days in October 2020.
- The REvil ransomware group was reportedly behind the attack.
- Paradies Shops was accused of negligence in handling employees’ personal data.
- The company has denied wrongdoing but opted for a settlement to avoid protracted litigation.
- This case is part of a growing trend of class-action lawsuits following data breaches.
Why should I read this?
If you’re concerned about data security and the repercussions of ransomware attacks, this article is a must-read. It’s eye-opening to see how companies juggle liability and the financial fallout from data breaches, especially in the retail sector where trust is everything. Plus, understanding these settlements can give you insight into the bigger picture of data protection laws and corporate accountability.