• Insuring Against Data Breaches
  • April 30, 2015 | Author: Kasee Sparks Heisterhagen
  • Law Firm: Burr & Forman LLP - Mobile Office
  • Nearly 80 million Americans were impacted when Anthem was the target of hackers in February 2015. Prior to the Anthem hack, during the 2013 holiday season Target experienced a breach exposing over 40 million credit cards and the personal identifying information of over 110 million people. In March 2015, Target agreed to pay $10 Million to settle class action litigation arising out of the breach (paying up to $10,000 to individual victims). In March 2015, Target agreed to pay $10 Million to settle class action litigation arising out of the breach (paying up to $10,000 to individual victims).1 Data breaches like this leave consumers wondering how far the damage will go and leave companies struggling to protect the data of their employees and customers.