Source: Cyberscoop
Anthem Inc. agreed to pay $115 million in a deal to end a court battle over the 2015 data breach where hackers gained access to sensitive records for nearly 80 million Americans. The funds will go toward credit monitoring and reimbursement for customers, in addition to as much as $38 million in attorneys’ fees.
The 2015 breach saw hackers access records including Social Security numbers, birthdays, addresses, detailed employment information and income data. Chinese state-sponsored attackers were suspected in the attack but there has been no official attribution.
The settlement requires Anthem to guarantee “a certain level of funding for information security and to implement or maintain numerous specific changes to its data security systems, including encryption of certain information and archiving sensitive data with strict access controls,” according to a statement by the plaintiffs’ attorneys. “The settlement…
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