Michigan State University to spend $2.9 million in wake of data breach

Marie Weidmayer reports:

MSU will spend an estimated $2.9 million on identity theft protection in the wake of the data breach that exposed university records of about 400,000 people.

According to a statement from MSU President Lou Anna K. Simon, MSU will provide credit monitoring and identity theft protection free of charge to everyone affected.

“We have a reserve fund that we have set aside that is used to pay deductibles for insurance claims and general liability claims and the money will come from that reserve fund,” university spokesperson Jason Cody said.

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