TN: BlueCross computer theft already costs $7 million

Dave Flessner reports:

What was initially assumed to be just a glitch in some soon-to-be-discarded computer equipment last fall has grown into one of Chattanooga’s most expensive property crimes of the year.

BlueCross BlueShield of Tennessee said Monday it already has spent more than $7 million to respond to the theft last October of computer hard drives from an abandoned office at Eastgate Center.

Although the Chattanooga-based health insurer has adequate reserves to absorb such losses, officials said the company may have to spend millions more to assess what was on the missing computer records and to provide identity protection for affected customers.

Read more in the Chattanooga Times Free Press.

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