Adobe shells out over 2013 hack

Adobe, the firm which has grown from niche graphic design supplier to market-leader in the digital marketing platform space, has shelled out an undisclosed sum to appease the millions of customers hit by its 2013 data breach.
The breach, which saw hackers access 38 million customer records – both bank account details and encrypted credit card numbers – triggered a class action lawsuit in the US.
Presiding over the case, Judge Lucy Koh had previously said the impact of the breach was “very real” to the customers affected, and clearly Adobe decided to take the bull by the horns nd not let court proceedings paly out in public.
The hackers also got away with source code for a number of Adobe products, including Acrobat Reader, and some of the source code for image editor Photoshop was apparently also accessed.
The exact settlement is more secret than the safe number at the Bank of England, although Adobe did offer a year’s worth of credit monitoring by Experian to customers whose credit card data was stolen in the hack.
The company already faces a bill for legal fees totalling $1.2m (£765,000).
In a report released earler this month, Adobe continued to hold on to top spot in the $5bn (£3.2bn) global digital marketing platform sector followed by IBM, Oracle, and Salesforce. The global marketing software market is worth nearly $20bn (£12.8bn).