Ransomware Gang Has 6M Life and Annuity Client Records

July 11, 2023 by Allison Bell

Companies that write and reinsure your clients’ life insurance policies and annuity contracts say the Clop Ransomware Gang has stolen personal records for at least 6 million people, and that many of the stolen records include Social Security numbers.

The life and annuity issuers are caught up in a massive cyberattack that has affected hundreds of companies and government agencies throughout the world since late May. Affected life insurers and reinsurers use a file transfer system called MOVEit to exchange data with PBI Research Services. Since January, the Clop gang has been using a vulnerability in the file transfer system to install ransomware software on organizations’ computers.

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Originally Posted at ThinkAdvsior on July 6, 2023 by Allison Bell.