How Much for a Health Data Breach?
$115 million, based on the recent ruling by the U.S. District Court for the Northern District of California. In 2017, Anthem agreed to pay $115 million to settle a claim of data breach, exposing consumers’ and employees’ social security numbers, birthdays, and other personal data to hackers. The settlement agreement provides for (i) two years of credit monitoring; (ii) reimbursement of out-of-pocket costs related to the breach; and (iii) alternative cash payment for credit monitoring services already obtained. Anthem discovered the cyber attack in late January 2015 and contacted the FBI.