Fidelity Data Breach Settlement: $2.5M + $1.25M Fines
Fidelity Investments has now paid twice for a similar mistake. An August 2024 breach that uncovered delicate data tied to roughly 155,000 clients and associated people has produced a $2.5 million class-action settlement and a separate $1.25 million penalty from a Massachusetts regulator, for a mixed $3.75 million invoice on a single incident. The class-action…