Equifax Ruling Shows How Cyber Boasts Can Bring Legal Pain
Law360 (January 31, 2019, 9:47 PM EST) -- A Georgia federal judge's ruling that Equifax investors can sue the infamously hacked credit reporting giant for touting its cybersecurity even after its hired consultants spotted glaring flaws may spark other companies to be more careful about how they talk about their own digital defenses.
In Monday's decision against the company and its former CEO Richard Smith, U.S. District Judge Thomas W. Thrash Jr. made clear that the mere fact of Equifax's historic breach was not enough to keep the stock-drop securities suit alive. Instead, he found the investors had crucially made "a multitude of specific, detailed factual allegations" beyond the...
Stay ahead of the curve
In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.
Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
Create custom alerts for specific article and case topics and so much more!