A data breach settlement with the healthcare provider Magellan Health may allow more than 100,000 qualified recipients to receive payouts of up to $5,100. This settlement was reached as a result of the data breach.
Magellan Health, a managed care firm in the United States that concentrates on specialty areas of healthcare, has reported that it was the victim of a ransomware attack that entailed the theft of sensitive employee data. (Source: Bankinfo Security)
Data Breach Settlement for Employees and Customers of Magellan Health
As per the terms of the settlement, individuals who were affected by the data breach include both current and past employees of Magellan Health as well as customers whose information was compromised. There are two main classes in the settlement including the Common-Fund Settlement Class consists of those who were notified that their Social Security numbers were compromised in the incident. Instead of any other benefits, this group will get a cash payment of one hundred dollars, the amount of which may be increased or decreased depending on the number of claims that are received and granted.
This category of individuals is also eligible to submit a claim for documented expense reimbursement of up to $5,000 for expenses linked to data breaches. Those who were eligible ought to have been sent a postcard that provided instructions on the kind of claim form that they should submit. You need to submit your claim form either online by Thursday, December 21 or by mailing your completed paper claim form with a postmark that is no later than December 21.
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