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Anthem breach costs could surpass its insurance coverage
Modern Healthcare

Insurer Anthem Tuesday acknowledged in a new financial filing that its recent data breach involving 80 million people could result in “significant” expenses that its cybersecurity insurance policy may not fully cover.

Some observers were quick to note the disclosure was likely done as a defensive measure by Anthem, trying to alert investors to any and all possible outcomes from the breach to preclude future lawsuits for failing to disclose key financial information. The disclosure was in the company’s annual 10-K report filed with the Securities and Exchange Commission.