Labcorp Paying Out $35M in Settlement: Who’s Eligible
The settlement resolves claims that arose after a cyberattack at American Medical Collection Agency.
A $35 million class action settlement has been reached to compensate millions of Americans potentially affected by a major healthcare data breach involving Labcorp and its third-party billing vendor, American Medical Collection Agency (AMCA). Labcorp, a leading diagnostic testing company, performs over 750 million tests annually and operates across the United States and internationally.
The settlement resolves claims that AMCA's cyberattack exposed sensitive personal and medical information of approximately 7.7 million Labcorp patients, potentially leading to identity theft and medical fraud. Eligible consumers have until September 3 to submit a claim for either cash compensation or free credit monitoring services.
Labcorp denies liability but agreed to the settlement to resolve disputed claims. The deadline for filing claims is imminent, and affected individuals can check eligibility via the official settlement website. Healthcare organizations increasingly rely on outside vendors, raising concerns about data security risks during cyberattacks.
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