Fincantieri Marine Group LLC

Fincantieri Marine Group LLC, a key shipbuilder for the **US Navy and Coast Guard**, faced a **2023 cyberattack** resulting in a **data breach** that exposed sensitive information of **16,769 employees and benefits recipients**. The breach led to a **class-action lawsuit**, alleging the company failed to adequately safeguard personal and financial data. To resolve the litigation, Fincantieri agreed to a **$515,000 settlement** and committed to implementing **enhanced information security measures** as part of a court-approved deal. The incident underscored vulnerabilities in the company’s cybersecurity protocols, raising concerns over compliance with data protection obligations. While the financial and reputational damage was mitigated through the settlement, the breach compromised **employee records**, including potentially sensitive benefits-related data, without evidence of broader operational disruption or ransomware involvement.

Source: https://news.bloomberglaw.com/business-and-practice/fincantieri-gets-first-nod-for-515-000-data-breach-settlement

Fincantieri Marine Group cybersecurity rating report: https://www.rankiteo.com/company/fincantieri-marine-group

"id": "FIN4992449111325",
"linkid": "fincantieri-marine-group",
"type": "Breach",
"date": "6/2023",
"severity": "60",
"impact": "3",
"explanation": "Attack with significant impact with internal employee data leaks"

{'affected_entities': [{'industry': 'Shipbuilding / Defense Contractor',
                        'location': 'United States',
                        'name': 'Fincantieri Marine Group LLC',
                        'type': 'Private Company'}],
 'data_breach': {'number_of_records_exposed': '16,769',
                 'personally_identifiable_information': True,
                 'sensitivity_of_data': 'High (personally identifiable '
                                        'information likely included)',
                 'type_of_data_compromised': ['Employee data',
                                              'Benefits recipient data']},
 'description': 'A shipbuilder utilized by the US Navy and Coast Guard, '
                'Fincantieri Marine Group LLC, suffered a cyberattack in 2023 '
                'that compromised the data of approximately 16,769 employees '
                'and benefits recipients. The company secured a federal '
                'court’s preliminary approval of a $515,000 deal to settle a '
                'class-action lawsuit alleging failure to protect the affected '
                "individuals' data. As part of the settlement, Fincantieri "
                'agreed to adopt certain information security improvements.',
 'impact': {'brand_reputation_impact': 'Potential reputational damage due to '
                                       'lawsuit and breach disclosure',
            'data_compromised': True,
            'financial_loss': '$515,000 (settlement amount)',
            'identity_theft_risk': 'Likely (employee and benefits recipient '
                                   'data exposed)',
            'legal_liabilities': 'Class-action lawsuit settled for $515,000'},
 'investigation_status': 'Settled (preliminary approval granted)',
 'post_incident_analysis': {'corrective_actions': 'Information security '
                                                  'improvements agreed upon as '
                                                  'part of settlement'},
 'references': [{'source': 'Federal court records (US District Court)'}],
 'regulatory_compliance': {'legal_actions': 'Class-action lawsuit settled for '
                                            '$515,000'},
 'response': {'remediation_measures': 'Agreed to adopt certain information '
                                      'security improvements as part of '
                                      'settlement'},
 'title': 'Fincantieri Marine Group LLC Data Breach (2023)',
 'type': 'Data Breach'}