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TRICARE Contractor Says Insurance Will Cover Breach Costs

DATA LOSS—U.S.

April 9, 2012

In a filing with the Securities and Exchange Commission last week, Science Applications International Corp. (SAIC) disclosed that it has enough insurance to cover settlements over the 2011 TRICARE breach, Nextgov reports. The incident involved the theft of computer tapes containing the medical records of 4.9 million beneficiaries of the military health insurance program, contracted with SAIC. Since the incident, several victims have found potentially fraudulent activity on their accounts, and several lawsuits have been filed--one claiming $4.9 billion in damages. SAIC says that after a $10 million deductible, its insurance policy will cover any costs. 
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