[ISN] Data breach costs approach $20 million

http://www.azcentral.com/story/news/local/phoenix/2014/05/19/data-breach-costs-approach-million/9312729/ By Mary Beth Faller The Republic azcentral.com May 20, 2014 The Maricopa County Community College District governing board has approved an additional $2.3 million in lawyers’ fees to deal with the computer-security breach that occurred last year. The board also approved spending $300,000 to deal with records management, pushing the total amount authorized for the breach to nearly $20 million. Last week, the governing board approved the $2.3 million allocation to the law firm of Greenberg Traurig, which has a Phoenix office, to handle two class-action lawsuits that have been filed over the breach. Last November, the district disclosed that hackers had invaded a computer server in April 2013, exposing Social Security numbers and banking information of 2.4 million current and former students, faculty members and vendors from as far back as 30 years ago. […]




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