Franchise News
Wendy's Settles Data Breach Claims for $50 Million
The brand has agreed to pay $50 million to a group of financial institutions as a result of a data breach that occurred in 2015 and 2016.
The Wendy’s Co. has now reached agreements to resolve all of the legal issues that arose following a massive data breach that hit over 1,000 of its restaurants in 2015 and 2016.
According to a recent Restaurant Business article, Wendy’s has agreed to pay a group of financial institutions $50 million to settle claims of negligence on the company’s part in the cyberattack that exposed the credit card information of customers through malware installed on its point-of-sale system. Last year, Wendy’s settled a class-action lawsuit brought by customers affected by the data breach.
Restaurant Business noted that after it exhausts insurance, Wendy’s itself would be on the hook for $27.5 million of the settlement.
Read the full story here.
Don’t Miss the Next Big Franchise Story
Sign up for the 1851 Franchise newsletter to get our biggest stories before everyone else
By signing up, you agree to our user agreement (including class action waiver and arbitration provisions), and acknowledge our privacy policy.
About the Author
Madeline Lena
FollowMaddie has spent her career in the media industry, serving in various editorial roles before migrating into a hybrid content strategy and PR role with No Limit Agency. Her passion for storytelling and love of writing help her create meaningful content on behalf of her clients and fulfill No Limit Agency’s mission to tell people-driven stories.
Maddie is a graduate of Saint Louis University, where she studied Communications with a focus in journalism and media studies as well as Sports Business. In her spare time, Maddie can be found exploring Chicago’s food scene, watching an NBA game or lamenting over her middling fantasy baseball team.
