Mmastodon TechnologyCybersecurity first seen 15 h ago, last 15 h ago, peak #10
Labcorp to pay $2.3 million over breach affecting 10.2 million patients
Original: Modern liability is a study in minimalism. Labcorp is paying $2.3 million to settle a data breach that put 10.2 million
Labcorp has agreed to pay $2.3 million to settle claims over a data breach that exposed the personal information of 10.2 million patients. Commenters argue the settlement is strikingly small for a global life sciences company, calling the payout less a penalty than a routine business expense, and pointing to it as an example of how weak penalties fail to deter large-scale data breaches.
Why now: The settlement highlights frustration over what many see as inadequate consequences for corporations after massive data breaches.
Evidence
- Modern liability is a study in minimalism. Labcorp is paying $2.3 million to settle a data breach that put 10.2 million patients at risk, and for a global life sciences leader, this isn't a penalty. It's a line item. https:// theperimetersite.com/report/326 # vulnerability #… · theperimetersite@infosec.exchange · 2
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