Accellion reaches $8.1 million agreement in data breach class-action lawsuit

Accellion reached a $8.1 million agreement in a nationwide class-action lawsuit in U.S. District Court for the Northern District of California, reports Reuters. The lawsuit was brought against Accellion over a breach in its legacy file transfer product, a platform that allowed companies to securely share large or sensitive files. The company faced allegations by plaintiffs it failed to properly secure sensitive personal information belonging to millions after hackers exploited a vulnerability in Accellion's platform.