Back in 2015, Anthem’s systems were breached using a stolen password, resulting in the exposure and theft of nearly 80 million records, including client names, dates of birth, physical and email addresses, medical IDs, and Social Security numbers. The US’s largest insurance company is now expected to pay for that mistake with the largest settlement to date for a data breach case. Funds will go toward credit monitoring services for victims, among other things.



…it would be the largest data breach settlement in history, according to the plaintiffs’ lawyers, who announced the agreement Friday. The funds would be used to provide victims of the data breach at least two years of credit monitoring and to reimburse customers for breach-related expenses. The settlement would also guarantee a certain level of funding for “information security 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,” the plaintiff attorneys said.

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Source: [H]ardOCP – Anthem Paying Record 5M to Settle Data Breach Suit