In a case underscoring the potential financial havoc wreaked by data breaches, the 42-year-old parent company of American Medical Collection Agency has filed for bankruptcy just weeks after disclosing a data breach that affected its largest clients and millions of patients.
In a Monday filing in a New York federal bankruptcy court, Retrieval-Masters Credit Bureau, which does business as AMCA, says it's seeking court approval for an "effective transition into Chapter 11 and to provide the best opportunity for a cost-effective and orderly liquidation."
David Holtzman's comment are featured in this article.
