Economy

Ashley Madison's parent will settle for US$11.2 million over data breach

Ashley Madison's parent will settle for US$11.2 million over data breach

Ruby Corp, the owner of adultery website Ashley Madison, will pay $11.2 million to settle a lawsuit by users whose data has been compromised. The money will go to affected users, with up to $3,500 paid to those with multiple accounts and proper documentation.

Ashley Madison's parent company has reached a proposed $11.2 million settlement agreement with lawyers representing victims of the cheating site's 2015 data breach.

However, in July 2015 the site was breached, leading to the exposure of almost 36 million users' personal information including names, addresses, telephone numbers, credit or debit card numbers, email addresses, dates of birth, date of creation of accounts, last account update, account type, nickname, gender, ethnicity, sexual preferences, and relationship status. It led to several reports of blackmails and even suicide.

Coast Guard rescues mother, daughter swept out to sea by rip tide
The rescue member put the daughter, who was wearing a life jacket, on the PWC and the mother on a rescue sled behind the PWC. The USCG crew immediately rescued the mother and daughter from the water and helped the rescuer back onto the jet ski.

The lawsuits allege that Ruby (formerly Avid Life Media) didn't implement adequate security practices.

"The parties have agreed to the proposed settlement in order to avoid the uncertainty, expense, and inconvenience associated with continued litigation, and believe that the proposed settlement agreement is in the best interest of Ruby and its customers", the firm said in a statement.

That prior settlement was for $8.75 million, but only required Ashley Madison to pay $1.65 million, with half going to the FTC and the other half to be divided between 13 states - Alaska, Arkansas, Hawaii, Louisiana, Maryland, Mississippi, Nebraska, New York, North Dakota, Oregon, Rhode Island, Tennessee, and Vermont.

Of Vermont Acquires 719 Shares of Automatic Data Processing (NYSE:ADP)
Grisanti Capital Management LLC increased its position in shares of Automatic Data Processing by 4.5% in the first quarter. Blair William And Communications Il stated it has 452,992 shares. 283,583 were accumulated by Keybank Association Oh.

According to the proposed settlement, the company will compensate individuals who were users of the site at the time of the breach, as long as they submit valid claims for alleged losses resulting from the data breach as well as any alleged misrepresentations.

However, despite the hackers' attempts to close the website down, it still exists today. The total amount will also depend on how many of Ashley Madison's users submit claims.

Manchester United offer Ander Herrera £41.6m contract: Barcelona interest to end
After all, Herrera paid up his contract at his previous club to move to the Premier league and join Manchester United . Herrera is now all set for a huge pay rise on his current deal to ward off interest from Barcelona .


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