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Sony will pay up to $8 million in a settlement following the theft of employee information during its headline-making hack, Bloomberg Business reports. “The former employees claimed Sony made a ‘business decision to accept the risk’ of losses associated with being hacked,” the report states, while Sony argued “none of the lead plaintiffs in the case had suffered financial loss as a result of the hacks.” In addition to attorney fees, Sony will “provide as much as $2 million” to reimburse employees who bought their own identity theft protection and $2.5 million for those whose identities were stolen, while also providing “identity protection services for employees who join the settlement,” the report states, noting, “Sony didn’t admit liability or wrongdoing in the settlement.”
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