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Landmark $115 million settlement reached in Anthem data breach suit, consumers could feel sting

Author: Beth Jones Sanborn / Source: Healthcare IT News

A proposed settlement has been reached in the landmark Anthem data breach case, which saw the personal information of nearly 79 million people stolen and is being referred to as the biggest data breach in history, lawyers involved with the case announced.

The $115 million settlement, if approved by a judge as scheduled next month, is the end result of the massive class action lawsuit filed after a 2015 cyberattack on insurance giant Anthem and is said to be the largest data breach settlement in history, law firm GirardGibbs said in a statement.

The $115 million settlement fund, which will be used to give data breach victims at least two years of credit monitoring; cover out-of-pocket expenses incurred by consumers stemming from the breach, and provide cash compensation for those consumers who are already enrolled in credit monitoring. Additionally, the settlement requires Anthem to guarantee a certain level of funding for information security, and to maintain changes to its data security systems…

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