Many Negative Effects After Breaches
DATA LOSSMay 13, 2011
The Wall Street Journal reports on the financial impact on Sony after three consecutive data breaches. Mintz Levin attorney Cynthia Larose, CIPP, said, "Taken as a whole, the number of customers affected, the PR impact and now the legislative inquiries" rank these data breaches "at the top." Last week, class-action lawsuits were filed against Sony in the U.S. and Canada; however, in Australia, plaintiffs would need to show resulting unauthorised credit card use or identity theft to be successful in a class-action suit, reports The Australian. Brisbane lawyer Mark O'Connor said that would be hard to prove, as "customers can't simply assume they can blame Sony if they have given their personal and credit card details to other businesses online."