After 2015 breach, OPM overpaid for identify theft protections, report finds
The Office of Personnel Management appears to be overpaying for an identity theft insurance program it rolled out to protect more than 20 million current and former U.S. government employees whose personal information was exposed in the agency’s massive 2015 data breach, a government watchdog said. A newly released report by the Government Accountability Office notes that OPM is providing coverage at a level that is “likely unnecessary” because “claims paid rarely exceed a few thousand dollars.” Exasperating costs further is also the fact that the government know how many affected individuals might have signed up for two different government identify theft monitoring programs that essentially offer the same thing. Shortly after the breach was first publicly acknowledged, OPM contracted two firms, Winvale Group and ID Experts, to protect government employees that had their personal information exposed in the personnel records breach and separate breach of background investigation data. “OPM has estimated […]
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