MOVEit Hack Hit These Life, Annuity and Retirement Firms

August 23, 2023 by Allison Bell

The attack this year on the MOVEit file transfer system by the Cl0P ransomware gang has been especially cruel to your favorite clients.

The attack hit the conscientious people who buy life insurance to protect their loved ones; use life insurance, annuities or individual investment accounts to save for a dignified retirement; or participate in employer-sponsored retirement plans.

The Cl0P hackers got at those clients by finding and using a weakness in MOVEit, a tool from Progress Software that organizations use to move big batches of sensitive data.

MOVEit has a diverse user base, including weather researchers and the military.

Click HERE to read the full story via ThinkAdvisor

Originally Posted at ThinkAdvisor on August 21, 2023 by Allison Bell.