* Posts by Matt 143

1 publicly visible post • joined 4 Dec 2009

Man loses fight against firm that suffered data breach

Matt 143
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Think about it...

Why should it matter if it is person suing a company, or a company is sue another company for negligence?

Bank, sues TJMAX cause TJMAX was negligent in keeping credit information secure. Banks will sue and recover after a breach of Payment Card information to recover their risk, and "potential damages", and cost incurred for monitoring (which I believeTJMAX actual paid for, not the banks or other credit card companies). Does it have to be that each and every one of those credit cards was used or the credit card companies or banks couldn't sue and try to recover costs due to this companies negligence? Why should this differ for a consumer and a company?

What if start up company A tries to make it big in cloud computing, putting information out in the cloud. Well that database gets hack, and it is known that the lots credit card information, social security numbers, addresses and work history was taken. My identify at that time, isn't stolen or my information used... but I get free monitoring for 2 years, but 1 or even 4 years later company A is gone, has been dissolved, failed, closed its doors and then my identify gets taken and it can be proven to be related to that breach that occurred 4 years ago, should I be the one SOL though that company was negligent?