Fraud News

Anthem Settles Data Breach Suit for $115 Million

Author: Dennis Fisher / Source: On the Wire

Anthem Inc., the victim of one of the more extensive data breaches in U.S. history, has agreed to pay a settlement of $115 million to consumers affected by the incident.

The settlement is believed to be the largest ever to result from a data breach in the U.S. and would end a class-action lawsuit that followed the 2015 compromise of Anthem, a major health-care provider. That breach affected more than 80 million consumers, and the data taken during the incident included names, birth dates, Social Security numbers, and other sensitive information. As part of the settlement, Anthem admits no fault for the incident.

“Defendants deny any wrongdoing whatsoever, and this Agreement shall in no event be construed or deemed to be evidence of or an admission or concession on the part of any Defendant with respect to any claim of any fault or liability or wrongdoing or damage whatsoever,” the settlement says.

The settlement agreement, announced on Friday, is subject to a judge’s approval, but if it’s finalized the money from the agreement would go to pay for consumers’ credit monitoring and costs from the data breach. The Anthem compromise reportedly resulted from attackers sending spear-phishing emails to Anthem employees, one of whom opened the mail and…

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