Anthem agrees to $115M settlement over 2015 data breach

Anthem has agreed to pay $115 million to settle a class-action lawsuit following a 2015 data breach that exposed nearly 80 million patient records. The preliminary settlement (PDF) requires Anthem to reserve $15 million to reimburse members that had verifiable out-of-pocket losses. The remaining $100 million will be used to provide victims of the breach with two years of credit monitoring and fraud detection services on top of the two years already offered by the insurer after the breach was...