LabCorp Board Sued in Delaware Over Billing Vendor Data Breaches

April 29, 2020, 6:02 PM

LabCorp’s board and top executives were hit with a Delaware lawsuit blaming them for investor losses stemming from two massive data breaches by a billing vendor that exposed the personal information of millions of patients.

The derivative suit targets the medical testing giant’s directors, CEO, chief financial officer, and chief information officer. It accuses them of failing to address “persistently deficient cybersecurity measures” even after the first major cyberattack on American Medical Collection Agency, which took place across eight months in 2018-2019.

Those board-level oversights left LabCorp vulnerable to a separate malware attack and then a second AMCA breach earlier ...

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