Judge approves Anthem's $115M settlement for data breach

Anthem, Inc.'s $115 million settlement for a data breach that exposed the personal information of millions has been approved by a federal judge, according to a report by Bloomberg Law. 

In 2015, Anthem's system was breached, exposing the personal information of more than 78 people million. Information exposed included Social Security numbers, names, dates of births and healthcare ID numbers. 

According to the report, Anthem reached a settlement—without admitting any wrondoing—with about 19.1 million of its consumers in June. The agreement was approved by Judge Lucy Koh, of the U.S. District Court for the Northern District of California, on Aug. 15. 

"The settlement includes a pool of $15 million for consumers in the class group to claim up to $10,000 each for their out-of-pocket expenses related to correcting. The class members can also get free credit monitoring services beyond what Anthem has already offered," the report said. 

"In addition to the settlement fund, the health benefits company agreed to make changes to its data security procedures, including adopting encryption protocols for sensitive data."

To read the full report, click the link below.