Ameritas Mutual to Pay $850,000 to Settle Data Breach Lawsuit

Ameritas Mutual Holding Co. would pay up to $850,000 to settle a proposed class action alleging it failed to protect the personal information of 95,644 current and former policy holders during a May 2019 data breach, under a deal given initial approval by a federal court.

Victims of the breach would be eligible for up to $6,250 each in payments to cover out-of-pocket costs related to the breach, and up to $160 to compensate them for lost time responding to it, according to the plaintiff’s motion for preliminary approval of the settlement.

Judge John M. Gerrard of the US ...