Summary: Paradies Shops is nearing a .9 million settlement to resolve a class-action lawsuit related to a ransomware attack in 2020, which compromised the personal information of 76,000 employees. The settlement was preliminarily approved by a federal judge and addresses claims of negligence in protecting sensitive data. The company, while denying the allegations, opted for settlement to avoid protracted litigation costs.
Affected: Paradies Shops
Keypoints :
- Settlement of .9 million for a data breach affecting employee information.
- Ransomware attack by the REvil group compromised data over five days in October 2020.
- Class-action lawsuits are becoming standard following data breaches in various industries.
Source: https://therecord.media/airport-retailer-agrees-to-settlement-ransomware-data-breach