Let it never be said that firms operating with lackluster data security technology and processes do so without risk.
Following a high-profile security breach in 2007 that saw former Certegy employee steal customers’ personal data and try to sell the information to data brokers and marketers, the firm has now reached a settlement with the Florida attorney general’s office.
Under the terms of the agreement, Certegy will pay nearly $1 million to cover the costs of the state’s investigation and fund Attorney General Bill McCollum’s “Seniors vs. Crime” educational program.
eSecurity Planet has the story on the Certegy breach and the details of the settlement agreement.
Certegy Check Services this week signed off on a settlement agreement with the Florida Attorney General’s office that calls for the St. Petersburg, Fla.-based financial services firm to dramatically upgrade its data security technology and processes after more than 5.9 million customer files were exposed in a massive data breach incident in 2007.
Certegy, a subsidiary of Fidelity National Information Services, allegedly failed to provide adequate data for consumer records that were stolen by a former employee who then tried to sell the personal information to data brokers and marketers.
The former employee, William Gary Sullivan, is currently serving a 57-month sentence in federal prison for fraud.
