The National Public Data breach exposed nearly three billion users - now the company has filed for bankruptcy
Briefly

from ITPro3 months ago
National Public Data's bankruptcy filing highlights the severe financial and reputational impacts of data breaches, leading to over a dozen lawsuits and ongoing investigations.
ITProhttps://www.itpro.com/security/data-breaches/the-national-public-data-breach-exposed-nearly-three-billion-users-now-the-company-has-filed-for-bankruptcy
The company cited class action lawsuits, investigations from law enforcement, and significant reputational damage as key elements that hindered its recovery from the breach.
ITProhttps://www.itpro.com/security/data-breaches/the-national-public-data-breach-exposed-nearly-three-billion-users-now-the-company-has-filed-for-bankruptcy
NPD's situation illustrates the dire consequences of inadequate data protection, leaving millions unaware that their personal information was compromised.
ITProhttps://www.itpro.com/security/data-breaches/the-national-public-data-breach-exposed-nearly-three-billion-users-now-the-company-has-filed-for-bankruptcy
With the breach of 2.9 billion data points and the potential liabilities under state laws, National Public Data could not muster the resources needed for remediation.
ITProhttps://www.itpro.com/security/data-breaches/the-national-public-data-breach-exposed-nearly-three-billion-users-now-the-company-has-filed-for-bankruptcy
Read at ITPro
#data-breach #bankruptcy #reputational-damage #privacy-laws #cybersecurity-risks
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