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Home Trading News Stock Market

Allianz Life confirms data breach affecting majority of 1.4M US customers

July 27, 2025
in Stock Market
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Allianz Life confirms data breach affecting majority of 1.4M US customers
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MINNEOLIS — Hackers gained entry to private knowledge on nearly all of the 1.4 million prospects of Allianz Life Insurance coverage Firm of North America, the corporate confirmed Saturday.

Minneapolis-based Allianz Life, a subsidiary of Munich, Germany-based Allianz SE, mentioned the info breach occurred on July 16 when a “malicious menace actor” gained entry to a third-party, cloud-based system utilized by the corporate.

“The menace actor was capable of get hold of personally identifiable knowledge associated to nearly all of Allianz Life’s prospects, monetary professionals, and choose Allianz Life workers, utilizing a social engineering approach,” Allianz Life mentioned in an announcement. “We took fast motion to include and mitigate the difficulty and notified the FBI.”

The corporate mentioned its personal programs weren’t accessed, simply the third-party’s platform.

Allianz Life mentioned its investigation is ongoing and that the corporate has begun reaching out to the impacted people. It mentioned the incident includes solely Allianz Life within the U.S., not different Allianz company entities.

Within the case of knowledge breaches, a “social engineering approach” normally includes utilizing trickery to achieve entry. Spokesman Brett Weinberg mentioned he could not present particulars as a result of they’re nonetheless investigating.

Allianz Life additionally reported the breach to a number of different authorities, together with the Maine Lawyer Normal’s Workplace. A submitting on the company’s web site mentioned the corporate found the breach the day after it occurred, and that it will likely be providing these affected 24 months of id theft safety and credit score monitoring.

Allianz Life was often called North American Life and Casualty till it was acquired by German conglomerate Allianz SE in 1979 and altered its identify to Allianz Life Insurance coverage Firm of North America. It has practically 2,000 workers in U.S., with the bulk working in Minnesota, in keeping with its web site.

It’s considered one of 5 North American subsidiaries of the Munich-based international monetary companies group Allianz SE, which says it serves greater than 125 million prospects worldwide.

This text was generated from an automatic information company feed with out modifications to textual content.



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Tags: 1.4MaffectingAllianzbreachConfirmscustomersdataLifeMajority
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