Construction-industry job site agrees to pay $230,000 fine for way some 3,000 Massachusetts resident may have had their personal information stolen
TradeSource, a Warwick, RI company that matches construction companies with skilled workers, agreed today to pay $230,000 to Massachusetts to settle allegations that a security breach of its internal network that may have exposed the personal information, including Social Security numbers, of people who had registered with it.
In a settlement agreement filed today in Suffolk Superior Court, the company also agreed to take various steps to prevent this from happening again - and to keep the state up to date on those steps.
The company did not admit to any wrong doing, but agreed that sometime in 2020, an employee responded to a well crafted "phishing" message that enabled some outsider to get into the company network, encrypt and possibly steal all its data and then demand a ransom to keep the information from being publicly released.
The state says at least 3,036 Massachusetts residents were affected.
Attachment | Size |
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Complete settlement agreement | 873.38 KB |
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Comments
What a joke.
TradeSource generates $66 million in revenue every year.
This penalty is a rounding error while employees still have yet to learn what happened (if anything) with their personal info.
The lawyers will get their cut regardless and each person will be lucky to get $50.