Stratfor Faces $50M Class Action Over Hacking Incident

Law360, New York (January 24, 2012, 6:39 PM EST) -- Insurance brokerage Sterling & Sterling Inc. on Friday hit Strategic Forecasting Inc. with a potential $50 million class action in New York, alleging lax security at the private intelligence powerhouse allowed hackers to steal customer credit card data and a range of other private information.

Members of the hacker group Anonymous claimed on Christmas Eve to have broken through Stratfor’s security systems and stolen a cache of information, including the company’s client list, emails and customer credit card numbers. Stratfor acknowledged the theft of the information...
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