A majority of customers' personal information stolen in data breach at Allianz Life
- Allianz Life suffered a cyberattack on July 16th impacting the majority of its 1.4 million U.S. customers, financial professionals, and some employees.
- Hackers used social engineering to access a third-party cloud-based CRM system.
- The insurance giant is offering 24 months of identity theft restoration and credit monitoring services to affected individuals.
Allianz Life experienced a cyberattack earlier this month, resulting in the theft of personal information for the majority of its 1.4 million customers, financial professionals and some employees in the United States.
The insurance giant confirmed to Paste BN on July 28 that hackers used a social engineering technique on July 16 to gain access to a "third-party, cloud-based" system used by the company.
"We took immediate action to contain and mitigate the issue and notified the FBI," Brett Weinberg, a spokesman for Allianz Life, said in a statement.
Allianz revealed the data breach on July 26 in a legally required filing with Maine’s attorney general, as first reported by TechCrunch, but did not disclose the number of customers affected. The insurance company will begin notifying all affected customers on or around Aug. 1, according to Weinberg.
According to the filing, the company is offering "24 months of identity theft restoration and credit monitoring through Kroll" to those affected.
Allianz officials told Reuters that there is no evidence to suggest that the company's network or other systems were accessed, including its policy administration system.
How many people are employed by Allianz Life?
According to its website, Allianz Life Insurance of North America employs approximately 2,000 people in the United States, with headquarters located in Minnesota.
Where is Allianz located?
Allianz Life is one of five affiliate companies of Allianz in North America, as stated on the company's website. Allianz SE, a Munich-based global financial services group, acquired North American Life and Casualty in 1979 and changed its name to Allianz Life Insurance Company of North America.
Allianz SE serves over 125 million customers worldwide.
How many people are affected by the data breach?
The company has not provided the exact number of customers impacted by the breach. In a statement, Allianz Life said the hackers were able to obtain "personally identifiable data" of the majority of the company's customers in the United States.
There are about 1.4 million Allianz Life customers in the country.