A healthcare company is preparing to pay $35 million to settle a class action lawsuit over a cybersecurity incident that allegedly exposed patient information.
According to the official settlement WebsiteLabcorp Corporation of America Holdings, also known as Labcorp, has agreed to a proposed settlement related to a U.S. medical collection agency data breach.
The settlement includes people whose personal information Labcorp sent to the Office of Retrieval-Masters Creditors, doing business as the U.S. Medical Collection Agency, and which was contained in computer systems affected by the incident.
The breach allegedly affected AMCA’s computer systems between approximately August 1, 2018 and March 30, 2019.
According to HIPAA, Labcorp’s patient population will likely reach 7,700,000 affected Due to AMCA violation.
The settlement provides $35,000,000 to pay out-of-pocket losses, probation services, alternative cash payments, notice and administration costs, taxes, service awards, and attorneys’ fees and expenses.
Class members may file claims for documented out-of-pocket losses up to $5,000 per person. They may also demand an alternative cash payment of $50.
Settlement Class members may also elect to receive two years of CyEx Medical Shield Pro health and medical information monitoring services.
Labcorp denies all claims and denies any wrongdoing or liability. The settlement is not an admission that the company violated any laws
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