CNET: Cost of Anthem’s data breach likely to exceed $100 million

The financial consequences of Anthem’s massive data breach could reach beyond the $100 million mark, according to reports.

The US health-insurance provider’s own cyberinsurance policy covers losses of up to $100 million. However, when a company has up to 80 million current customers, former customers, employees and investors to notify, this amount may not be enough.

Last week, Anthem confirmed a security breach that resulted in the exposure and theft of up to 80 million records. Using a stolen password, hackers were able to break into a database that contained the personal information of former and current customers, as well as employees…

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