LabCorp investors file lawsuit, alleging ‘persistent’ failure to secure data
LabCorp investors have filed a lawsuit against the company following a major data breach last year that was one of three cybersecurity incidents the company has faced since 2018. The suit, filed by shareholder Raymond Eugenio on behalf of LabCorp investors, alleges that the medical testing company’s chief executive, chief financial officer, chief information officer and its board of directors failed to address “persistently deficient” data protection measures regarding the theft of data about millions of people. The legal complaint, first reported by Bloomberg, involves a hack on the American Medical Collection Agency (AMCA), a debt collection agency which made collections on behalf of LabCorp and other medical companies. Hackers stole data about roughly 20 million people, including some 7.7 LabCorp patients, between August 2018 and March 2019. In a separate incident, LabCorp exposed 10,000 medical documents, including patient test results, according to a TechCrunch article published in January. Burlington, […]
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