Quantcast
 
New ETF Book by Larry Connors - Click here to read more


 

Express Scripts Reports New Threats Tied to Data Security Breach

Tue. November 11, 2008; Posted: 04:04 PM
Stocks RSS
Nov 11, 2008 (GlobeNewswire via COMTEX) -- ESRX | Quote | Chart | News | PowerRating -- Company Announces $1 Million Reward Company Hires Kroll to Offer Data Security Consultation, Investigation and Restoration to Its Members

ST. LOUIS, Nov. 11, 2008 (GLOBE NEWSWIRE) -- Express Scripts (Nasdaq:ESRX), one of the largest pharmacy benefit management companies in North America, announced today that a small number of its clients have received letters threatening to expose the personal information of its members. The threats are believed to be connected to an extortion threat the company made public last week.

The letters, which were received by Express Scripts' clients in the past few days, are similar in form to the one that Express Scripts said it received in early October from an unknown person or persons threatening to publicly expose millions of the company's members' records if an extortion threat was not met. That original letter included the personal data of 75 Express Scripts members. The company publicly disclosed the extortion threat last week and is notifying affected members.

Express Scripts said it immediately informed the FBI about the new threats. The company also said it was establishing a reward totaling $1 million for the person or persons who provide information resulting in the arrest and conviction of those responsible for these criminal acts. The company said anyone with information about the extortion threats should contact the FBI at 800-CALL-FBI.

"We are cooperating fully with the FBI to assist them in their investigation and doing what we can to protect our members," said George Paz, CEO and Chairman of Express Scripts. "We hope that establishing a reward will bring forward useful information. We will do what we can to help find those responsible as quickly as possible."

In a separate announcement, Express Scripts said it would offer its members free identity restoration services if they become victims of identity theft because of this incident.

"Express Scripts recognizes that this situation is concerning to our clients and members," said Paz. "We want to assure them that they will have our constant support until their issues are resolved."

Express Scripts said it has contracted with Kroll, a New York-based risk-consulting firm and global data security leader to offer expert assistance to its members if they have become victims of identity theft because of this incident. The members will have access to Kroll's expert consultants and licensed investigators who will work with them to evaluate their cases and determine the appropriate course of action. Express Scripts said that it is not aware of any actual misuse of its members' data.

Details about Kroll's services and the identity restoration offer can be found at www.esisupports.com.

Headquartered in St. Louis, Missouri, Express Scripts, Inc. is one of the largest PBM companies in North America. It provides pharmacy benefit management services to thousands of client groups, including managed-care organizations, insurance carriers, employers, third-party administrators, public sector, workers' compensation, and union-sponsored benefit plans.

More information about the company can be found at http://www.express-scripts.com

About Kroll

Kroll, the world's leading risk-consulting company, provides a broad range of investigative, intelligence, financial, security and technology services to help clients reduce risks, solve problems and capitalize on opportunities. Kroll Inc. is a wholly-owned subsidiary of Marsh & McLennan Companies, Inc. (NYSE:MMC), the global professional services firm. Kroll began providing identity theft solutions in 1999 and created its Fraud Solutions practice in 2002 in response to increasing requests from clients for counsel and services associated with the loss of sensitive personal information, and related identity protection and restoration issues facing organizations and individuals.

For more information, visit: www.krollfraudsolutions.com.

This news release was distributed by GlobeNewswire, www.globenewswire.com

SOURCE: Express Scripts, Inc.

Express Scripts Jeff Hall, Chief Financial Officer David Myers, Vice President Investor Relations (314) 810-3115 investor.relations@express-scripts.com Media Contact Steve Littlejohn 314-996-0981

For full details on Express Scripts Inc (ESRX) click here. Express Scripts Inc (ESRX) has Short Term PowerRatings of 7. Details on Express Scripts Inc (ESRX) Short Term PowerRatings is available at This Link.

    


More News:   Market Updates | Stock Alerts | All Trading News | Stock Index

Email
Print
Archives
Feedback
Email Article Link
Close X
Recipients email address
Your name
Your email
Add a note (optional)




Stocks RSS





Related News [ESRX]
PREMIER SPONSORED LINKS
TRADE CENTER
 
The TradingMarkets Directory
RELATED SITES
Nothing but forex
Please call 1-213-955-5858 ext. 1

About TradingMarkets | Contact | Advertise | Careers | Link to Us | Site Map | Help | Terms & Conditions | Privacy Policy | Return Policy | Testimonials | Feedback

Disclaimer:

The Connors Group, Inc. ("Company") is not an investment advisory service, nor a registered investment advisor or broker-dealer and does not purport to tell or suggest which securities or currencies customers should buy or sell for themselves. The analysts and employees or affiliates of Company may hold positions in the stocks, currencies or industries discussed here. You understand and acknowledge that there is a very high degree of risk involved in trading securities and/or currencies. The Company, the authors, the publisher, and all affiliates of Company assume no responsibility or liability for your trading and investment results. Factual statements on the Company's website, or in its publications, are made as of the date stated and are subject to change without notice.

It should not be assumed that the methods, techniques, or indicators presented in these products will be profitable or that they will not result in losses. Past results of any individual trader or trading system published by Company are not indicative of future returns by that trader or system, and are not indicative of future returns which be realized by you. In addition, the indicators, strategies, columns, articles and all other features of Company's products (collectively, the "Information") are provided for informational and educational purposes only and should not be construed as investment advice. Examples presented on Company's website are for educational purposes only. Such set-ups are not solicitations of any order to buy or sell. Accordingly, you should not rely solely on the Information in making any investment. Rather, you should use the Information only as a starting point for doing additional independent research in order to allow you to form your own opinion regarding investments. You should always check with your licensed financial advisor and tax advisor to determine the suitability of any investment.

HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVE CERTAIN INHERENT LIMITATIONS. UNLIKE AN ACTUAL PERFORMANCE RECORD, SIMULATED RESULTS DO NOT REPRESENT ACTUAL TRADING AND MAY NOT BE IMPACTED BY BROKERAGE AND OTHER SLIPPAGE FEES. ALSO, SINCE THE TRADES HAVE NOT ACTUALLY BEEN EXECUTED, THE RESULTS MAY HAVE UNDER- OR OVER-COMPENSATED FOR THE IMPACT, IF ANY, OF CERTAIN MARKET FACTORS, SUCH AS LACK OF LIQUIDITY. SIMULATED TRADING PROGRAMS IN GENERAL ARE ALSO SUBJECT TO THE FACT THAT THEY ARE DESIGNED WITH THE BENEFIT OF HINDSIGHT. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFITS OR LOSSES SIMILAR TO THOSE SHOWN.

The Connors Group, Inc.
15260 Ventura Blvd., Ste. 2200
Sherman Oaks, CA 91403

© Copyright 2009 The Connors Group, Inc.


All analyst commentary provided on TradingMarkets.com is provided for educational purposes only. The analysts and employees or affiliates of TradingMarkets.com may hold positions in the stocks or industries discussed here. This information is NOT a recommendation or solicitation to buy or sell any securities. Your use of this and all information contained on TradingMarkets.com is governed by the Terms and Conditions of Use. Please click the link to view those terms. Follow this link to read our Editorial Policy.

© 2009 The Connors Group, Inc.