Within hours of the data breach at Marriott Hotel, two men from Oregon decided to sue the hospitality giant for letting their private data get compromised.
Later, another lawsuit was filed by a resident of the Maryland state. The status of both lawsuits is class-action. The latter lawsuit did not specify the damages they are seeking from Marriott. Still, the former lawsuit is suing Marriott for $12.5 billion in data loss.
It was on a Friday, December the 3rd when it was reported that a massive data breach had taken place at the Marriott. In the breach, some 500 million worth of user data stands stolen.
At this time it has not been confirmed if any financial data was compromised as a result of this hack, still experts’ place the data risk to be no greater than $327 million.
The data affected guests of Marriott’s Starwood chain of hotels. It includes W Hotels, St. Regis, Sheraton Hotels & Resorts, Westin Hotels & Resorts, Element Hotels, Aloft Hotels, The Luxury Collection, Tribute Portfolio, Le Méridien Hotels & Resorts, Four Points by Sheraton and Design Hotels.
See, the lawsuits are class-action in nature. In the coming months, more lawsuits may be filed. And when that happens, these combined lawsuits will weigh down heavily on Marriott. Class-action lawsuits generally end in settlements, and if this one goes down that road, it wouldn’t be that much of a surprise.
Types of Hacks
The data breach is said to be the second biggest of all-time. First being Yahoo, when in 2013, data of 3 billion users was stolen.
The share price dropped to 8.7% since the breach was announced, which is the maximum Marriott’s share has dropped to in years.
According to one research, such data breaches do not last long and does not impact share prices in the long run either, as companies tend to recover.
What Should You Do?
Public Wi-Fi networks are mainly “honeypots” which appear to be real, but are set up by hackers to lure people in by connecting to them. It leads you to connect to them and reveal all your sensitive information inadvertently. It might be usernames, passwords, bank account details, etc.
Therefore, be wise and smart. Employ Ivacy VPN and render your presence online anonymous by hiding your IP address. When your IP is hidden, a hacker will not be able to tell your actual location from a routed one.
In the world of extreme cyber threats, you cannot be too careful.