Recently, Caesars Entertainment Corporation, one of the world’s largest gaming companies, has agreed to pay $15 million to settle a class action lawsuit related to a cyberattack incident that occurred in 2015. The incident exposed the personal information of over 55 million customers, including names, addresses, dates of birth, and Social Security numbers.
The lawsuit was filed in 2016 by customers who were affected by the data breach. The plaintiffs argued that Caesars failed to take reasonable steps to protect their personal information and that the company was negligent in its security measures. After a lengthy legal battle, Caesars has now agreed to pay $15 million to settle the case.
The settlement will be divided among the affected customers, with each customer receiving a minimum of $20. In addition, Caesars has agreed to provide two years of free credit monitoring services to all affected customers. This will help protect them from any potential identity theft or fraud that may occur as a result of the data breach.
The settlement is a reminder of the importance of cybersecurity for businesses of all sizes. Companies must take steps to protect their customers’ data and ensure that their systems are secure from cyberattacks. In addition, companies should have a plan in place to respond quickly and effectively if a data breach does occur.
This settlement is also an important reminder for consumers to be vigilant about their online security. It is important to use strong passwords and to be aware of any suspicious activity on your accounts. Consumers should also be aware of the potential risks associated with sharing personal information online.
Overall, this settlement serves as a reminder of the importance of cybersecurity for both businesses and consumers. Companies must take steps to protect their customers’ data and consumers must be aware of the potential risks associated with sharing personal information online.