BusinessInsurance.com reported that “Anthem Inc., the largest U.S. health insurance company, has agreed to settle litigation over a hacking in 2015 that compromised about 79 million people’s personal health information for $115 million, which lawyers said would be the largest settlement ever for a data breach.” The June 26, 2017 report entitled “Anthem to pay record $115M to settle lawsuits over data breach” included these details:
The money will be used to pay for two years of credit monitoring for people affected by the hack, the lawyers said.
Victims are believed to include current and former customers of Anthem and of other insurers affiliated with Anthem through the national Blue Cross Blue Shield Association.
People who are already enrolled in credit monitoring may choose to receive cash instead, which may be up to $50 per person, according to a motion filed in California federal court Friday.
American International Group Inc. leads Anthem’s cyber insurance coverage.
I’m sure the record $115 million settlement will be exceeded before we know it!