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…
Read the full article here: http://www.cnet.com/news/cost-of-anthems-data-breach-likely-to-exceed-100-million/