Giant US insurer admits second data hack

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Giant US insurer admits second data hack


Giant US insurer admits second data hack | Insurance business America

Tens of thousands affected

Prudential Insurance has revealed that hackers stole the information of more than 36,000 people in a breach in February.

According to a report by The Record, Prudential’s law firm Debevoise & Plimpton said in a regulatory filing in Maine that the insurer discovered unauthorized access to its network on February 5.

“Through the investigation, we learned that on February 4, 2024, the unauthorized third party gained access to our network and removed a small percentage of personal information from our system,” the filing states.

According to Prudential, the names, addresses and driver’s license or ID card numbers of 36,545 people were accessed. The company has notified law enforcement of the breach and hired an outside cybersecurity firm to assist in the response.

Victims of the breach will receive identity protection services for two years, The Record reported.

On February 13, Prudential filed documents with the Securities and Exchange Commission showing that a group of cybercriminals was able to access “management and user data of certain information technology systems” and “a small percentage” of employee and contractor user accounts.

On February 16, the AlphV ransomware gang claimed responsibility for the attack. According to The Record, the gang is also responsible for an attack on mortgage lender LoanDepot in February.

Law enforcement agencies in the U.S., U.K. and European Union coordinated to take down the AlphV website in December, but the ransomware group quickly managed to build a new platform, according to The Record. The group was also allegedly involved in the recent attack on Change Healthcare. That attack was carried out by another ransomware group and resulted in the payment of a $22 million ransom – which AlphV then allegedly stole from the other cybercrime group, The Record reported.

Last week, the State Department announced a reward of up to $10 million for information about the identity or whereabouts of AlphV members.

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2024-04-02 17:57:16

www.insurancebusinessmag.com