Pearson was fined due to a mishandling security incident
The British public company, Pearson, dedicated to education area, has agreed to pay a $1M fine after being accused of misleading its investors about a 2018 cyber intrusion that involved a theft of personal information of millions of students and administrator credentials of multiple educational entities.
The lawsuit was filed by the US SEC (Securities and Exchange Commision) and the investigation attributed the cause of the data breach to a now-defunct software used by Pearson for entering and tracking performance of students.
- 16/08/2021 sec.gov SEC Charges Pearson plc for Misleading Investors About Cyber Breach
- 16/08/2021 techcrunch.com Pearson to pay $1M fine for misleading investors about 2018 data breach
- 16/08/2021 bleepingcomputer.com Education giant Pearson fined $1M for downplaying data breach