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Cyberattack May Cost Anthem More Than $100M
The financial consequences of Anthem's massive data breach could reach beyond the $100 million mark, according to reports.
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 cyber insurance policy, led by the American International Group, covers losses of up to $100 million. However, when a company has up to 80 million current and previous customers, staff and investors to contact, reassure and notify, this amount may not be enough.
Last week, Anthem confirmed a security breach which resulted in the exposure and theft of up to 80 million records. Using a stolen password, hackers were able to break into a database which contained the personal information of former and current clients, as well as employees.
Read more: http://zd.net/1CoY4Un
Source: ZDNet
