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3d ago

Allianz Life to Notify Over 1 Million Customers After Mid-July Data Breach

Allianz Life will begin alerting customers in early August with two years of credit monitoring after a social engineering attack breached its third-party CRM system.

The New York headquarters of German Allianz insurance company on Sunday, November 23, 2014. Allianz plans to sue Volkswagen over its drop in share price resulting from the Volkswagen emissions scandal. ( Richard B. Levine) (Photo by Richard Levine/Corbis via Getty Images)
The logo of German insurer Allianz stands on the company's office buildings at Treptowers on February 23, 2010 in Berlin, Germany.
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Overview

  • Attackers used social engineering on July 16 to breach a third-party cloud CRM, obtaining personally identifiable information for the majority of Allianz Life’s 1.4 million customers, financial professionals and select employees.
  • The intrusion was detected the next day, prompting immediate FBI notification and a mandatory breach notice filed with Maine’s attorney general.
  • Forensics to date show no evidence of further system compromise within Allianz Life’s internal network or policy administration system.
  • Allianz Life has not linked the incident to any specific hacking group as its investigation remains ongoing.
  • Breach filings with Maine’s attorney general triggered public disclosures under state data-breach law, aligning with U.S. regulatory requirements.