Cognizant offers $1 mn identity theft cover after data breach

Nasdaq-listed Cognizant has notified affected individuals of a data security breach that occurred around April 21 this year. The company did not disclose how many people were impacted or the nature of the personal information involved, but said it has no reason to believe the compromised data was misused.

Cognizant offered affected individuals identity theft protection services through IDX for 24 months, including credit and CyberScan monitoring, a $1 million insurance reimbursement policy and fully managed identity theft recovery services. The company advised recipients to monitor account statements and place fraud alerts or security freezes on their credit files.

Separately, ClaimDepot reported that a threat actor group known as CoinbaseCartel claimed responsibility for the incident on a dark web site on April 15. Earlier this year, Cognizant subsidiary TriZetto Provider Solutions suffered a data breach affecting about 3.4 million individuals.