The Canadian Privacy Law Blog: Developments in privacy law and writings of a Canadian privacy lawyer, containing information related to the Personal Information Protection and Electronic Documents Act (aka PIPEDA) and other Canadian and international laws.
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The author of this blog,
David T.S. Fraser, is a Canadian privacy lawyer who practices with the
firm of McInnes Cooper. He is the author of the Physicians' Privacy Manual. He has a national and international practice advising corporations and individuals on matters related to Canadian privacy laws.
For full contact information and a brief bio, please see David's profile.
Please note that I am only able to provide legal advice to clients. I am not able to provide free legal advice. Any unsolicited information sent to David Fraser cannot be considered to be solicitor-client privileged.
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The views expressed herein are solely the author's and should not be attributed to his employer or clients. Any postings on legal issues are provided as a public service, and do not constitute solicitation or provision of legal advice. The author makes no claims, promises or guarantees about the accuracy, completeness, or adequacy of the information contained herein or linked to. Nothing herein should be used as a substitute for the advice of competent counsel.
This web site is presented for informational purposes only. These materials do not constitute legal advice and do not create a solicitor-client relationship between you and David T.S. Fraser. If you are seeking specific advice related to Canadian privacy law or PIPEDA, contact the author, David T.S. Fraser.
Thursday, July 21, 2005
Break-in costs ChoicePoint millions
The financials are in for ChoicePoint's second quarter and CNet is reporting that the data aggregator has taken a total charge fo $11M related to the privacy incident that took place some months ago. That's real money and has a direct impact on the shareholder's value:
Break-in costs ChoicePoint millions | CNET News.com:"Data broker ChoicePoint took a $6 million charge in its second quarter to cover costs related to the leak of information on about 145,000 Americans, it said Wednesday.
The charge is in addition to the $5.4 million in costs the company recorded in the first quarter. Of the total $11.4 million, about $2 million in charges through June 30 were for communications to individuals whose data has been exposed as well as credit reports and monitoring services for those people, the company said in a statement.
The remaining $9.4 million was for legal and other professional fees, ChoicePoint said...."
Labels: choicepoint, information breaches
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