'Shared' Password Leads to $3.73M Verdict Against Boca Raton Company
Using someone else's login credentials can have dire consequences, a federal case showed.
May 22, 2017 at 09:37 AM
8 minute read
“Borrowing” someone else's login credentials for a website might not seem like a big deal if you have the password holder's permission.
But for a Boca Raton-based company that used a client's login to access a valuable database of investment fund information, password-sharing led to a $3.73 million verdict in federal court this month.
A jury found Compass iTech LLC had misappropriated trade secrets, interfered with a contract and breached the terms of service for Atlanta-based eVestment Alliance LLC, which provides analytics for institutional investors.
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