A federal district court in San Jose on August 15, 2018 granted final approval of a landmark $115 million settlement to benefit consumers whose personal information was hacked from Anthem Blue Cross/Blue Shield insurance companies in early 2015, believed to be the largest settlement in a consumer data breach case. In addition to the $115 million fund, Anthem has agreed to institute extensive additional security measures, including nearly tripling its annual spending on data security for the next three years and implementing a series of cybersecurity controls recommended by Plaintiffs’ cybersecurity experts. The settlement fund will be used to purchase credit monitoring for class members to protect themselves from potential misuse of their personal information going forward, or alternative cash payments for class members who already have credit monitoring. The fund will also reimburse class members who incurred out-of-pocket costs as a result of the data breach, up to $10,000 each. Fraud resolution services are available for all class members. The Court found that “Class Counsel achieved an impressive benefit for the Class.” Altshuler Berzon LLP served as court-appointed co-lead counsel in the case.
https://altshulerberzon.com/wp-content/uploads/AB-logo.png 0 0 Peder https://altshulerberzon.com/wp-content/uploads/AB-logo.png Peder2018-08-15 18:17:322020-07-05 02:07:51Court Approves $115 Million Settlement of Data Breach Class Action Lawsuit Against Anthem Blue Cross/Blue Shield