From Data Breach to Bankruptcy – A Cautionary Tale for Those Without Cyber Insurance

A data breach may cost a company millions in recovery and liability damages, but rarely does a breach force a company into bankruptcy. However, a months-long data breach at American Medical Collection Agency (AMCA) in 2018-2019 did just that, forcing its parent company, Retrieval-Master Creditors Bureau Inc., into Chapter 11 bankruptcy. AMCA has not stated … Continue reading From Data Breach to Bankruptcy – A Cautionary Tale for Those Without Cyber Insurance