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Company: Pearson plc
Current Parent Company:
Pearson
Parent at the Time of the Penalty Announcement:
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Penalty: $1,000,000
Year: 2021
Date: August 16, 2021
Offense Group: consumer-protection-related offenses
Primary Offense: privacy violation
Secondary Offense: investor protection violation
Violation Description: Pearson plc agreed to pay $1 million to settle charges that it misled investors about a 2018 cyber intrusion involving the theft of millions of student records, including dates of births and email addresses, and had inadequate disclosure controls and procedures.
Level of Government: federal
Action Type: agency action
Agency: Securities and Exchange Commission
Civil or Criminal Case: civil
HQ Country of Current Parent: United Kingdom
Ownership Structure of Current Parent: publicly traded
Major Industry of Current Parent: information technology
Specific Industry of Current Parent: information services; media
Source of Data:
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Current parent company note: Parent-subsidiary relationship is current as of the most recent revision listed in the
Update Log.