Data breach costs approach $20 million

[InfoSec News <alerts () infosecnews org>]

http://www.azcentral.com/story/news/local/phoenix/2014/05/19/data-breach-costs-approach-million/9312729/

By Mary Beth Faller
The Republic
azcentral.com
May 20, 2014

The Maricopa County Community College District governing board has 
approved an additional $2.3 million in lawyers' fees to deal with the 
computer-security breach that occurred last year.

The board also approved spending $300,000 to deal with records management, 
pushing the total amount authorized for the breach to nearly $20 million.

Last week, the governing board approved the $2.3 million allocation to the 
law firm of Greenberg Traurig, which has a Phoenix office, to handle two 
class-action lawsuits that have been filed over the breach.

Last November, the district disclosed that hackers had invaded a computer 
server in April 2013, exposing Social Security numbers and banking 
information of 2.4 million current and former students, faculty members 
and vendors from as far back as 30 years ago.

[...]



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