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HL Chronicle of Data Protection Privacy & Information Security News & Trends

Tag Archives: settlements

Posted in Cybersecurity & Data Breaches

Massachusetts Data Breach Settlement Highlights Expectation of Timely Notification

On December 8, Massachusetts Attorney General Martha Coakley announced a settlement with TD Bank, under which TD Bank must pay $625,000 and take several steps to strengthen its data security practices. The settlement agreement stems from a data breach that impacted over 90,000 Massachusetts residents and over 260,000 customers nationwide. The AG’s approach to this case and the resulting settlement underscore the importance of providing prompt notification following a data breach as well as maintaining adequate oversight over the security practices of third-party service providers.