TD Ameritrade Settles Security Breach Lawsuit
The settlement allows identity theft victims to collect between $50 and $2,500.
A U.S. District Court judge has approved a settlement over a 2007 TD Ameritrade data breach that exposed 6.3 million customers' personal data.
"The settlement, which recently received a final sign-off after being approved by a California federal judge last month, allows individuals who fell victim to identity theft to collect between $50 and $2,500, according to an Associated Press report," writes SC Magazine's Dan Kaplan.
"TD Ameritrade will pay between $2.5 million and $6.5 million under the agreement," Kaplan writes.
Go to "TD Ameritrade settles lawsuit over major breach" to read the details.
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