Fortune 500 insurance firm Genworth discloses data breach

guest · Jun 11, 2020

Fortune 500 insurance firm Genworth discloses data breach
June 11, 2020
https://www.bleepingcomputer.com/ne...nsurance-firm-genworth-discloses-data-breach/

Fortune 500 insurance holding company Genworth Financial disclosed a data breach after an unauthorized party gained access to insurance agents' online accounts using compromised login credentials.

The U.S. mortgage and long term care insurer had revenue of $8,6 billion during the last fiscal year and it reached a deal with China Oceanwide Holdings Group that will allow the Chinese company to buy Genworth for $2.7 billion.
Financial and personal information exposed
The data breach was discovered by Genworth on April 20, 2020, after the company detected unauthorized access to some insurance agents' online accounts, providing access to documents containing both personal and financial information.

"We immediately began investigating the series of events that led to the unauthorized access and discovered compromised login credentials for your agent to our online portal where insurance agents and producers manage their policies," the breach notification letters [1, 2, 3] sent by Genworth's Data Security Team explain.
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"At this point, there has been no evidence of further unauthorized activity," Genworth stated.
Unknown number of affected individuals
"Fraudulent actors obtained the login credentials of a limited number of third party insurance agents, which they obtained outside of Genworth," Public Relations Senior Director Julie Westermann told BleepingComputer.
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Fortune 500 insurance firm Genworth discloses data breach

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