Fortive Corp. and its affiliates faced a class action lawsuit due to two data incidents between **January 25, 2023, and November 6, 2023**, where unauthorized third parties accessed confidential personal information of consumers. The breach exposed sensitive data, leading to potential fraud, identity theft, and financial losses for affected individuals. Fortive agreed to a **$3 million settlement**, offering victims reimbursement for out-of-pocket losses (up to $5,000 per person), compensation for lost time ($20/hour, max $80), cash payments (minimum $5 per claimant), and three years of identity theft protection (including $1M insurance). The lawsuit alleged negligence in safeguarding personal data, though Fortive denied wrongdoing. The settlement aims to mitigate harm to impacted individuals, with payouts contingent on claim validation and court approval. The incident underscores vulnerabilities in Fortive’s cybersecurity measures, resulting in significant reputational and financial repercussions.
Source: https://www.claimdepot.com/settlements/the-fortive-settlement
TPRM report: https://www.rankiteo.com/company/fortive
"id": "for2193621101625",
"linkid": "fortive",
"type": "Breach",
"date": "1/2023",
"severity": "85",
"impact": "4",
"explanation": "Attack with significant impact with customers data leaks"{'affected_entities': [{'customers_affected': 'Class members (individuals '
'whose data was compromised)',
'industry': 'Industrial Technology',
'name': 'Fortive Corp.',
'type': 'Corporation'},
{'industry': 'Software/Real Estate Lifecycle Management',
'name': 'Accruent LLC',
'type': 'Subsidiary'},
{'industry': 'Healthcare/Sterilization',
'name': 'Advanced Sterilization Products Services Inc.',
'type': 'Subsidiary'},
{'industry': 'Healthcare/Sterilization',
'name': 'Advanced Sterilization Products Inc.',
'type': 'Subsidiary'},
{'industry': 'Healthcare/Inventory Management',
'name': 'Censis Technologies Inc.',
'type': 'Subsidiary'},
{'industry': 'Industrial Safety',
'name': 'Industrial Scientific Corp. d/b/a Industrial '
'Scientific Devices',
'type': 'Subsidiary'}],
'customer_advisories': 'Eligible class members can file claims for '
'reimbursement (up to $5,000 for losses), lost time '
'($20/hour up to 4 hours), cash payments (minimum $5), '
'and identity theft protection (3 years of credit '
'monitoring + $1M insurance). Claims can be filed '
'online or via mail to Kroll Settlement Administration '
'LLC.',
'data_breach': {'data_exfiltration': 'Likely (alleged access by unauthorized '
'third parties)',
'personally_identifiable_information': True,
'sensitivity_of_data': 'High (personal information requiring '
'identity theft protection)',
'type_of_data_compromised': 'Personal information '
'(confidential)'},
'description': 'Fortive Corp. and several of its affiliates agreed to pay '
'$3,000,000 to settle a class action lawsuit alleging they '
'failed to protect personal information, which unauthorized '
'third parties may have accessed during two data incidents '
'between January 25, 2023, and November 6, 2023. The '
'settlement includes reimbursement for out-of-pocket losses '
'(up to $5,000 per person), lost time ($20/hour up to 4 '
'hours), cash payments (minimum $5 per claimant), and three '
'years of identity theft protection services (credit '
'monitoring and $1M insurance).',
'impact': {'brand_reputation_impact': 'Potential reputational damage due to '
'class action lawsuit and data exposure',
'data_compromised': 'Personal information (confidential)',
'financial_loss': '$3,000,000 (settlement fund)',
'identity_theft_risk': 'High (identity theft protection services '
'offered as part of settlement)',
'legal_liabilities': "$3,000,000 settlement, attorneys' fees (up "
'to $1,000,000), service awards (up to $3,500 '
'per class representative)'},
'investigation_status': 'Settled (class action lawsuit resolved; no admission '
'of wrongdoing by defendants)',
'post_incident_analysis': {'corrective_actions': 'Settlement funds allocated '
'for identity theft '
'protection, reimbursements, '
'and cash payments to '
'affected individuals',
'root_causes': 'Alleged failure to adequately '
'protect personal information (as '
'per class action lawsuit)'},
'references': [{'source': 'Class Action Settlement Notice (In re: Fortive '
'Data Security Litigation)'},
{'source': 'Kroll Settlement Administration LLC'}],
'regulatory_compliance': {'legal_actions': 'Class action lawsuit settled for '
'$3,000,000'},
'response': {'communication_strategy': 'Class action settlement '
'notifications, claim filing process '
'(online/mail), public disclosure of '
'settlement terms',
'third_party_assistance': 'Kroll Settlement Administration LLC '
'(settlement administrator)'},
'stakeholder_advisories': 'Settlement notices sent to class members with '
'claim filing instructions (deadline: Dec. 19, '
'2025). Final approval hearing scheduled for Jan. '
'9, 2026.',
'threat_actor': 'Unauthorized third parties',
'title': 'Fortive Corp. Data Breach and Class Action Settlement',
'type': ['Data Breach', 'Class Action Settlement']}