Texas Meter & Device Company Announces Data Breach | Console and Associates, PC

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On August 9, 2022, Texas Meter & Device Company (“TMD”) filed a data breach with the various state attorneys general offices following an incident in which a hacker gained access to the computer network of the company. Although Texas Meter & Device Company has not made public the specific types of data disclosed as a result of the incident, based on state reporting requirements, it is likely that the breach affected personal information. very sensitive to the parties involved. After confirming the breach and identifying all affected parties, Texas Meter & Device Co. began sending data breach letters to all affected parties.

If you have received a data breach notification, it is essential that you understand what is at risk and what you can do about it. To learn more about how to protect yourself from fraud or identity theft and what legal options are available to you following the Texas Meter & Device Co. data breach, please see our article recent on the subject. here.

What we know about the Texas Meter & Device Co. data breach

Information about the Texas Meter & Device Company data breach comes from official documents filed with the Vermont Attorney General’s office. Based on this source, TMD recently learned that it had suffered a data security incident affecting the operability of certain aspects of the company’s IT network. In response, TMD secured its system, notified law enforcement, and then enlisted the help of third-party cybersecurity specialists to investigate the incident.

The company’s investigation confirmed that an unauthorized party gained access to the TMD network on June 11, 2022, which lasted until June 15, 2022. Believing that the affected files may contain sensitive consumer data, TMD then reviewed all files to determine what, if any, consumer data was contained in the files. Texas Meter & Device Company completed this review on July 27, 2022. However, the company has not yet released what types of data were compromised as a result of the data breach.

On August 9, 2022, Texas Meter & Device Co. sent data breach letters to everyone whose information was compromised as a result of the recent data security incident.

More information about Texas Meter & Device Company

Founded in 1937, Texas Meter & Device Company is an energy, utility and waste management company based in Waco, Texas. TMD offers a wide range of products and services to the electric power industry in the United States and around the world, including metering products, field testing, advanced metering infrastructure, and more. Texas Meter & Device Co. employs over 84 people and generates approximately $20 million in annual revenue.

Are companies financially liable for identity theft and other fraud following a data breach?

Yes, in some cases, companies that experience a data breach can be held financially responsible for the harm suffered by the victim, which often includes the financial and emotional costs of identity theft and other fraud. However, a company is not automatically liable to victims of a breach simply because a breach has occurred. Only when a company’s negligence contributes to a data breach can a company be held liable.

Generally, any business that stores consumer data owes the owner of that data a duty to keep it secure and safe from unauthorized access. If a business experiences a data breach that results in a consumer’s data falling into the hands of a criminal, the business may be financially liable for the damages suffered by the victim, provided the business was negligent. in the maintenance of the data concerned.

Under existing data breach laws, negligence can mean different things. Below are some of the ways a company can violate the duty to consumers to protect their information:

  • A company fails to implement or maintain an up-to-date data security system;

  • A company mistakenly publishes sensitive consumer information in such a way that it is publicly available;

  • A business mistakenly sends consumer information to an unauthorized party;

  • A company employee does not follow the correct procedures when handling consumer data;

  • An employee opens an unsolicited email that installs malware on his computer; Where

  • An employee responds to a phishing attack.

Of course, these are just a few examples of neglect; There are others. Importantly, while data breaches stem from an employee’s actions, employers are legally responsible for educating their employees on the risks of cyberattacks.

Data breach victims who want to learn more about their rights, what they can do to protect themselves, or how they can take legal action after their information has been leaked should contact an experienced data breach attorney. to get help.

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