Centene Data Debacle Affects 950,000 Customers
Centene said on Monday that it is conducting an "ongoing comprehensive internal search for six hard drives" that failed to turn up during an inventory count of its IT assets.
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Health insurance provider Centene Corp. (NYSE: CNC) said on Monday that the company is conducting an “ongoing comprehensive internal search for six hard drives” that failed to turn up during an inventory count of its IT assets. The drives contain personal health information on approximately 950,000 individuals.
While not officially a data breach yet, because there are no facts on which to base that determination, the incident is being treated as such by Centene. The company said that the missing drives contained personal health information on people who had received laboratory services between 2009 and 2015, including name, address, date of birth, Social Security number, member ID number and health information. No financial or payment data were contained on the drives.
Centene said the drives were being used as part of a data project using laboratory outcomes to improve its members’ health.
The company also said that it is notifying all individuals whose data were kept on the drives and will offer them free credit and health care monitoring.
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Centene also said that it is in the process of reinforcing and reviewing its procedures related to managing its IT assets.
Centene’s shares traded down about 3.5% in the late morning Tuesday, at $59.23 in a 52-week range of $50.93 to $83.00.
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Paul Ausick has been writing for 247Wallst.com for more than a decade. He has written extensively on investing in the energy, defense, and technology sectors. In a previous life, he wrote technical documentation and managed a marketing communications group in Silicon Valley.
He has a bachelor's degree in English from the University of Chicago and now lives in Montana, where he fishes for trout in the summer and stays inside during the winter.
