The Houston Chronicle article mentioned that UnitedHealthCare will be offering free credit monitoring and that UCI will be offering loans to the affected students. It also mentioned that UCI Police Chief, Paul Henisey doesn't think the rest of the names were used because the reports of identity theft dropped off in late June.

Free credit monitoring seems to be the standard offer to victims when a data breach is disclosed, but it doesn't necessarily reveal all forms of identity theft. Credit bureaus do not track what information is being used to file a tax return and would be worthless in the already known cases. Other examples when credit monitoring might not be the end-all solution to identity theft protection are medical benefit fraud, employment fraud, government benefit fraud, some forms of check fraud and last, but not least, when it is used to commit crimes of other than a financial nature.

If I were one of the affected UC Irvine students, I wouldn't turn down the free credit monitoring (it does help in a lot of instances), but I would also visit the Identity Theft Resource Center's Financial Identity Theft - More Complex Cases page to educate myself a little further.

So far as Chief Henisey's prediction that this case is over — I certainly hope it is — but it wouldn't be prudent for everyone to let their guard down just yet. Information is bought and sold in a lot of places (including over the Internet) for the purpose of identity theft. There is no way of telling, whether or not, any of this information was passed to someone else for a profit.

Saying that, it's refreshing to see the culprit caught in this case and the UC Irvine Police Department (along with other University staff) did an excellent job in their investigation. It isn't very often when one of these cases is traced to the person behind it.