Sony Breach Settlement: A Good Deal? (Bank Info Security)


A court has approved the settlement of a class-action lawsuit filed against Sony Pictures Entertainment on behalf of current and former employees in the wake of the company’s massive 2014 breach that U.S. officials blamed on North Korea.

But some experts say the consumer protections provided in the settlement do not go much beyond what the company should have routinely provided to victims in the wake of a breach.

“The settlement focused on the kinds of things that companies normally do when there is a security breach – provide credit monitoring and give notice,” says privacy attorney Kirk Nahra of the law firm Wiley Rein in Washington, D.C. “They probably should have done all of this already, but I’m not surprised that this was included, nor am I surprised that this isn’t a ‘bigger’ settlement.”