$20M (€15M) Given to South Carolina DOR to Cover Hacking Incident

The money will be used for data encryption, credit monitoring, legal fees and PR

  South Carolina Department of Revenue gets $20 million (€15 million) loan
The data breach that affected the South Carolina Department of Revenue (DOR) back in October is costing the agency a lot of money. As a result, state budget leaders have approved a $20 million (€15 million) loan to cover the costs.

The data breach that affected the South Carolina Department of Revenue (DOR) back in October is costing the agency a lot of money. As a result, state budget leaders have approved a $20 million (€15 million) loan to cover the costs.

According to The State, the money will be used to pay for data encryption, PR services, legal fees, and credit monitoring for the affected individuals.

The money must be repaid by October 2013, but that shouldn’t be a problem. According to Governor Nikki Haley, the DOR will ask for an appropriation in next year’s budget.

Of the $20 million (€15 million), $12 million (€9.3 million) will go to Experian, the company that has been appointed to provide credit monitoring services.

As a result of the hack, a total of 4.5 million consumers and businesses have been exposed.

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