Estimated reading time: 0 minutes, 31 seconds

Premera Blue Cross Inks $72M Settlement in 2014 Breach

Health insurer Premera Blue Cross has reached a $72 million proposed settlement of a class-action lawsuit stemming from a 2014 data breach involving more than 10 million patients. So reports SC Magazine.

If approved by a federal judge and not appealed, the deal would require Premera to pay $42 million to bolster its cybersecurity practices and $32 million toward monetary relief for the patients, including credit monitoring and attorneys’ fees. In a court motion, Primera said its cybersecurity improvements included employing a chief information security officer, operating a cyber security operations center and requiring information security training for employees.

Click here to read the full article from SC Magazine.

Read 3429 times
Rate this item
(0 votes)

Visit other PMG Sites: