Stay updated with breaking news from Accellion Inc. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
The market for Enterprise File Synchronization and Sharing is anticipated to develop at a CAGR of 26.95% from 2023 to 2030, from an estimated value of USD 7.58 billion in 2022 to USD 52.95 billion in 2030.
The software developer formerly known as Accellion Inc. owed consumers a duty to safeguard their personal information but failed to fulfill that responsibility ahead of cyberattacks on its file-sharing software in 2020 and 2021, a class of consumers told a California federal judge in efforts to preserve their lawsuit against the company.
NEW YORK: Cybersecurity experts are bracing for a potential wave of extortion demands after a vulnerability was discovered in encrypted file-sharing software, a flaw that hackers have already used to target a string of high-profile victims, including British Airways and the BBC.
A California federal judge appointed Susman Godfrey LLP and Girard Sharp LLP to serve as lead counsel to a proposed nationwide class of at least 9 million people in litigation over a cyberattack against Accellion Inc., suggesting Friday they could "sanitize" an $8.1 million settlement negotiated by Ahdoot & Wolfson PC.
AIG and Accellion Inc. have agreed to settle a lawsuit in which the insurance company sought to recover over $1 million it spent covering a university that was swept up in a cyberattack that hit the software company two years ago, the sides told a Florida federal court Thursday.