Medical Bill Collection Company Breach: Labcorp Reaches $35 Million Settlement

Labcorp, a major medical testing company, has reached a $35 million settlement related to a 2019 data breach. The breach happened at a company called American Medical Collection Agency, which handled billing and collections for Labcorp. Labcorp notified the government in July 2019 that more than 10 million patients had their information exposed in this breach. If you had medical tests done through Labcorp around 2019 or earlier, your personal information may have been compromised. The exposed data likely included names, addresses, dates of birth, medical test information, and financial details related to billing and payments. This type of information can be used for identity theft or medical fraud.

Here is what you should do now.

1. Check your credit reports for any suspicious activity or accounts you did not open. You can get free credit reports at AnnualCreditReport.com.
2. Monitor your medical records and insurance statements for any procedures or charges you do not recognize.
3. If you are eligible for the settlement, watch for official notifications about how to file a claim.
4. Consider placing a fraud alert or credit freeze on your credit file for extra protection. Going forward, regularly review all medical bills and insurance statements when they arrive. Report any unfamiliar charges to your insurance company and healthcare provider immediately. Keep track of all your medical appointments and procedures so you can spot fraudulent activity. Check your credit reports at least once per year for free to catch identity theft early.