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This document outlines the class action settlement agreement between plaintiffs and Advanced Medical Management, LLC, resulting from a cyberattack that compromised personally identifiable information. The settlement provides a $2,500,000 fund for claims due to documented out-of-pocket losses, as well as cash payments to affected class members, while also stipulating future security measures by the defendant.
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The AMM cybersecurity incident settlement refers to a formal process for organizations to report and settle cybersecurity incidents that may have regulatory implications.
Entities that are subject to specific regulatory requirements regarding cybersecurity incidents, typically including businesses that handle sensitive information, are required to file the AMM cybersecurity incident settlement.
To fill out the AMM cybersecurity incident settlement, organizations must obtain the relevant form from the regulatory authority, provide detailed information about the incident, including timeline, nature of the breach, and impact on affected parties.
The purpose of the AMM cybersecurity incident settlement is to ensure that organizations report incidents in a timely manner to facilitate transparency, accountability, and remediation of cybersecurity risks.
Information that must be reported includes the date of the incident, types of data involved, number of individuals affected, measures taken in response, and any remediation strategies implemented.
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