Fincantieri Gets First Nod for $515,000 Data Breach Settlement

A shipbuilder utilized by the US Navy and Coast Guard secured a federal court’s preliminary approval of a deal to pay $515,000 to end a lawsuit by a class of employees and benefits recipients affected by a data breach.

Fincantieri Marine Group LLC suffered from a 2023 cyberattack. The suit raised questions over whether the shipbuilder failed to live up to a responsibility to protect the data of the approximately 16,769 class members. Under the deal, Fincantieri also agreed to adopt certain information security improvements, according to the motion for preliminary approval filed in the US District Court for the ...