AMCA Bankruptcy Filing in Wake of Breach Reveals Impact

June 19, 2019 Mayuri Kumar

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.

Previous Article
New York’s Sweeping Data Protection & Breach Notification Law Will Have National Impact
New York’s Sweeping Data Protection & Breach Notification Law Will Have National Impact

Recently, the New York State Legislature passed the Stop Hacks and Improve Electronic Data Security (SHIELD...

Next Article
Multiple Class Action Lawsuits Filed in AMCA Breach
Multiple Class Action Lawsuits Filed in AMCA Breach