Facebook data breach settlement payments are starting to roll out


If you used Facebook at any time during a 15-year period, keep an eye on your bank account. Settlement payments related to the several-years-old Cambridge Analytica data breach scandal are starting to roll out this month, per CBS News.

A court filing cited by CBS News says the average payment amount will come out to around $29 per person, with the maximum going all the way to $38.36. The first payments will be sent in September, with the rest going out over the course of 10 weeks. Anyone who is getting a payment should get an email a few days ahead of time. The total settlement amount came out to $725 million.

Read more…
Source: MSN News


Sign up for the Cyber Security Review Newsletter
The latest cyber security news and insights delivered right to your inbox


Related:

  • APT Group Uses Catfish Technique To Ensnare Victims

    July 27, 2017

    Meet Mia Ash, a 20-something London-based photographer, amateur model, social media butterfly with a keen interest in tech-savvy guys with ties to the oil and gas industry. You guessed it. Mia Ash doesn’t exist. Ash, according to Dell SecureWorks Counter Threat Unit, is a virtual persona stitched together by the APT known as Cobalt Gypsy, OilRig, ...

  • Swedish PM Lofven drops two ministers over IT crisis

    July 27, 2017

    Sweden’s Prime Minister, Stefan Lofven, says his minority government will not resign despite a security crisis over the handling of sensitive public data. He said two ministers would leave their posts, rejecting calls for a snap election. Citing Brexit and security he said “I won’t put Sweden in political crisis.” Meanwhile, the main opposition bloc said a vote ...

  • UniCredit Bank Hacked, 400,000 Accounts Exposed

    July 26, 2017

    UniCredit has just announced in an official statement that its servers were breached by hackers, with details of approximately 400,000 clients said to be exposed. The bank explained that hackers managed to get inside its systems in Italy twice in the last 12 months. The first hack took place in September and October 2016, while the ...

  • Sweden data leak ‘a disaster’, says PM

    July 24, 2017

    The Swedish government has admitted to a huge data leak made by one of its own departments during an IT outsourcing procedure in 2015. Sweden’s prime minister said it was “a disaster”, Swedish media reported. Reports say that confidential data about military personnel, along with defence plans and witness protection details, were exposed by the Transport Agency. They ...

  • Smart fridges and TVs should carry security rating, police chief says

    July 24, 2017

    Televisions, fridges and other internet-connected home appliances should carry cyber security ratings alongside energy efficiency ratings, a police chief has suggested. Durham chief constable Mike Barton said customers should be given the at-a-glance information for internet-ready equipment in the same way fridges, freezers, TVs and other appliances have to display their energy efficiency ratings before sale. Barton, ...

  • Quantum Computing Would Make Today’s Encryption Obsolete

    July 20, 2017

    Quantum computing offers processing power so vast it may soon make today’s supercomputers look as crude as 1980s PCs. There’s a downside—the technology might also render the most secure encryption systems obsolete, cracking codes in a matter of minutes rather than months or years. Gregoire Ribordy says he has a solution. And it’s selling fast ...