Security News > 2024 > June > Data firm execs convicted for helping fraudsters target the elderly
A former senior executive and former sales manager of Epsilon Data Management LLC were convicted of selling data of millions of Americans to perpetrators of mail fraud schemes.
As announced late last week by the U.S. Department of Justice, the two men, Robert Reger and David Lytle, were found guilty of conspiracy and multiple counts of mail and wire fraud for their roles in a scheme that provided targeted consumer lists to fraudsters over a decade.
Epsilon Data Management LLC is a data brokerage and marketing company specializing in collecting, analyzing, and selling consumer data to businesses for targeted marketing purposes.
These lists, including full names, home addresses, email addresses, age, consumer preferences, and purchase histories, were sold to fraudsters who used them to target individuals with personalized emails.
The resolution required the firm to pay $150 million in penalties, of which $122 million was allocated to compensate 200,000 fraud victims.
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