Excellus breach costs totaled $17.3 million

Excellus Health Plan spent $17.3 million to respond to the September 2015 cyberattack that affected 10 million records.

The Rochester, N.Y.-based organization's latest financial report indicated that insurance covered about $9.1 million of the total expenses, according to a Democrat & Chronicle report. 

The majoroty of the total cost was attributed to Kroll Info Assurance, the company that is providing two years of identity theft protection and credit monitoring to affected customers. The company billed Excellus $13.5 million, according to the report.

The remaining money spent went to legal expenses.

 

 

Beth Walsh,

Editor

Editor Beth earned a bachelor’s degree in journalism and master’s in health communication. She has worked in hospital, academic and publishing settings over the past 20 years. Beth joined TriMed in 2005, as editor of CMIO and Clinical Innovation + Technology. When not covering all things related to health IT, she spends time with her husband and three children.

Around the web

Compensation for heart specialists continues to climb. What does this say about cardiology as a whole? Could private equity's rising influence bring about change? We spoke to MedAxiom CEO Jerry Blackwell, MD, MBA, a veteran cardiologist himself, to learn more.

The American College of Cardiology has shared its perspective on new CMS payment policies, highlighting revenue concerns while providing key details for cardiologists and other cardiology professionals. 

As debate simmers over how best to regulate AI, experts continue to offer guidance on where to start, how to proceed and what to emphasize. A new resource models its recommendations on what its authors call the “SETO Loop.”