Cybersecurity
Citadel’s Griffin Sues IRS for Failing to Protect His Financial Data
- Billionaire says it “deliberately stole” tax return details
- Data breach provided look at tax strategies of the ultra-rich
Ken Griffin
Photographer: Christopher Dilts/BloombergThis article is for subscribers only.
Billionaire hedge fund manager Ken Griffin sued the US Internal Revenue Service, claiming it failed to protect his confidential financial information.
The Citadel founder is seeking financial damages over a data breach that resulted in ProPublica’s publication of information on a number of the wealthiest people in the US. He accused the IRS of “willful and intentional failure to establish appropriate administrative, technical, and/or physical safeguards.”