Customer payment data stolen from precious metals trader JM Bullion

By Duncan Riley for SiliconANGLE
Tuesday, November 3, 2020

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Exactly how many customers may have had their data stolen in this attack is unknown. JM Bullion claims to have processed more than $3 billion in transactions over the last eight years.

Ilia Kolochenko, founder and chief executive officer of web security company ImmuniWeb, told SiliconANGLE it’s likely the company could face harsh monetary penalties. “A COVID-19 defense to mitigate the amount of fine will likely be inapplicable here like in the recent British Airways or Marriott cases,” he said. “Moreover, in view of the circumstances, individual and class action lawsuits from the victims have excellent chances of success to obtain considerable monetary compensation, likely in a form of a settlement.” Read Full Article