$8.9 Million Banner Health Data Breach Settlement Gets Final Approval
A settlement proposed by Banner Health to resolve a class action lawsuit filed on behalf of victims of its 3.7 million-record data breach in 2016 has received final approval from a Federal judge.
The $8.9 million settlement was proposed in December 2019 to cover claims from victims of the breach and legal fees. Banner Health has also agreed to invest money to improve its cybersecurity defenses to prevent data breaches in the future.
The Arizona-based health system was attacked by hackers via the payment processing system used in the food and beverage outlets in its hospitals. The system was connected to servers used to store the protected health information of patients. The hackers were able to access and steal a large quantity of highly sensitive patient data, including demographic information, Social Security numbers,...