
In December of 2009, two laptops containing sensitive information were stolen from the health insurance provider AvMed’s corporate headquarters, leading to a breach of 1.2 million customer records. Though this breach happened some years ago, AvMed suffered significant financial, reputational, and organizational hardship for years afterwards. What’s more, the subsequent class-action suit has set a new legal precedent for monetary reimbursements for breach victims.
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