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Allianz Life Insurance Company of North America has fallen victim to a significant cyber attack, compromising the personal data of millions of customers. According to a statement emailed to Bloomberg, a “malicious threat actor” gained unauthorized access to a third-party, cloud-based system used by Allianz, obtaining personally identifiable information related to the majority of customers, as well as financial professionals and select employees. The company confirmed that hackers accessed personal data of approximately 1.4 million customers of Allianz Life Insurance Company of North America. “The threat actor used a social engineering technique to obtain personally identifiable data related to the majority of Allianz Life’s customers, financial professionals, and select Allianz Life employees,” the statement added. Allianz Life’s investigation is ongoing, and the company has begun notifying affected individuals and has disclosed the incident in a filing with the Maine attorney general’s office. The company claimed that its own systems were not compromised, only the third-party platform. The incident is reportedly limited to Allianz Life in the U.S. and does not affect other Allianz corporate entities.
FBI Notified of the Hacking Incident
Allianz Life has notified the Federal Bureau of Investigation (FBI) about the hacking attack. “We took immediate action to contain and mitigate the issue and notified the FBI,” Allianz Life said. The company has also reported the breach to multiple other authorities, including the Maine Attorney General’s Office. A filing on the agency’s website stated that the company discovered the breach the day after it occurred and will offer 24 months of identity theft protection and credit monitoring to those affected.
Allianz Life Insurance Company of North America is a Subsidiary of a German Company
Minneapolis-based Allianz Life Insurance Company of North America is one of five North American subsidiaries of the Munich-based global financial services group Allianz SE, which serves over 125 million customers worldwide. Allianz Life was previously known as North American Life and Casualty until it was acquired by German conglomerate Allianz SE in 1979 and changed its name to Allianz Life Insurance Company of North America. The company employs nearly 2,000 people in the U.S., with the majority working in Minnesota, according to its website.
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