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TD Ameritrade Settles Security Breach Lawsuit

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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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