Allianz Life Confirms Massive Data Breach Affecting 1.4 Million US Customers
Allianz Life Confirms Massive Data Breach Affecting 1.4 Million US Customers
Allianz Life Insurance Company of North America has confirmed a significant data breach impacting the personal information of a majority of its 1.4 million U.S. customers. The company, a subsidiary of Munich-based Allianz SE, stated that the breach occurred on July 16, when a “malicious threat actor” gained unauthorized access to a third-party, cloud-based system utilized by Allianz Life.
According to the insurer, the perpetrator used a “social engineering technique” to obtain personally identifiable data belonging to most Allianz Life customers, financial professionals, and select employees. Allianz Life emphasized that its internal systems were not compromised, with the breach limited to the third-party platform.
Immediate action was taken to contain and mitigate the incident, and the FBI has been notified. The investigation is ongoing, and Allianz Life has begun the process of contacting affected individuals. The company is offering 24 months of identity theft protection and credit monitoring services to those impacted. This incident specifically affects Allianz Life’s U.S. operations and does not extend to other Allianz corporate entities worldwide.
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