Thursday, July 16, 2015

Will ID Protection Offer Set New Standard?

From Data Breach Today:

Will ID Protection Offer Set New Standard?

Blue Cross Blue Shield plans' groundbreaking offer, in the wake of mega-breaches, of extended ID protection to all of the more than 106 million individuals covered by their insurance could set new expectations for breach response, some security experts predict.

In the aftermath of a breach, compromised companies often offer free credit monitoring and identity fraud protection services for a limited period of time, generally a year or two. That's why the July 14 announcement by the Blue Cross Blue Shield Association that each of its 36 affiliated Blues plans will begin offering free identity protection services to their members for as long as they're enrolled in the plans' insurance coverage is extraordinary.

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