Back in March of this year, we told you all about a phishing attack that had devastating effects on tech company, Seagate Technology. Seagate creates computer storage solutions like hard drives and cloud-based storage. The phishing scam was able to obtain and release thousands of the company's employees' tax records - not good.
Also known as a CEO Fraud Scam, in this incident, an employee in human resources received an email, seemingly from Seagate CEO Stephen Luczo. The email asked human resources to provide 2015 W2 forms for an estimated 10,000 employees. The HR employee complied and the rest is history.
According to reports, the unknown hackers quickly took action and filed fake tax returns in the employee's names. There were even joint claims filed for husbands and wives.
To make matters worse for Seagate, it's employees are now suing the company over the data compromise. The suit is over claims of negligence and restitution, especially after the company's CFO took responsibility for the incident, saying in a company-wide email, "it was caused by human error and lack of vigilance, and could have been prevented."
Employees are also unhappy with the company's actions after the breach. According to the lawsuit, employees were not informed of the breach until three days after it occurred, which was already too late. On top of that, employees claim all they received was free credit monitoring, many of which already had those services in place.
Employees are seeking compensation for the damages. However, Seagate is disputing the claims and wants the case thrown out.
This is just one example of how CEO Fraud Scams ultimately impact the employees. It also demonstrates why it's critically important that you use caution whenever you're being asked to provide your personal information.
If you believe your information has been stolen in a past data breach, here are some steps you should follow:
- Keep an eye on your credit reports. If there's anything fishy going on, contact your bank or credit card provider and don't be afraid to freeze your accounts.
- You might want to consider a service like to help you keep an eye on things.
- Keep an eye on your emails too. You should be notified if you've been a part of the breach. Also, make sure your online accounts have strong passwords.