[Dataloss] follow-up: Tentative settlement in Certegy data breach

[lyger]

http://www.scmagazineus.com/Tentative-settlement-in-Certegy-data-breach/article/108088/

A proposed legal settlement by Certegy Check Services, which lost the 
personal financial information of millions of Americans last fall in an 
insider-related data breach, is a "mixed bag" that falls short of 
protecting the victims, security analysts told SCMagazine US.com.

The tentative settlement between Certegy and class-action lawyers is now 
under review by U.S. District Court Judge Steven D. Merryday in Tampa, 
Fla. If accepted, it would offer only partial help to some of the 8.4 
million customers whose personal information was stolen by a Certegy 
employee over a five-year period.

Under terms of the agreement, Certegy would offer credit and bank account 
monitoring, identity theft reimbursement capped at $4 million, 
reimbursement of some credit monitoring fees, and enhanced security. The 
settlement calls for Certegy to give consumers a free one-year 
subscription to Experian's Triple Alert, a $4.95 monthly service that 
monitors credit reports for evidence of fraudulent activity. The plan 
limits those eligible to about 1.25 million consumers whose credit card or 
debit card information was stolen.

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