The announcement of a $115 million settlement by Anthem Inc. over the health insurer’s massive January 2015 data breach suggests that class-action litigation over breaches will likely continue despite failures and relatively low settlements in other cases.
The $115 million agreement, if approved by the court, would be a record settlement and involves no admission of wrongdoing by Anthem, which commented in a statement, “We are pleased to be putting this litigation behind us, and to be providing additional substantial benefits to individuals whose data was or may have been involved in the cyberattack and who will now be members of the settlement class.”
Advisen Ltd., Anthem’s $115M settlement likely to inspire future breach litigation (June 29, 2017), available with subscription at Advisen Cyber Front Page News.
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