Fergie's Tech Blog

Federal Court Slaps Data Theft Victims

David Kravets writes on Threat Level:

Tens of thousands of Old National Bancorp customers whose personal and financial information was hijacked by a computer hacker cannot recover damages from the Indiana banking institution who lost the data in 2005, a federal appeals court ruled Thursday.

In dismissing a proposed class action against Old National Bancorp, the 7th U.S. Circuit Court of Appeals said damages were unavailable to victims of data theft if those victims did not suffer economically.

posted by Fergie @ 8/23/2007 04:46:00 PM