Insurance Giant ‘Transamerica Corporation’ Announces Data Breach

guest · Aug 6, 2021

Insurance Giant ‘Transamerica Corporation’ Announces Data Breach
August 6, 2021
https://www.technadu.com/insurance-giant-transamerica-corporation-announces-data-breach/293697/

‘Transamerica’ is sending notices of a data breach to an undisclosed number of clients.

The firm has done a configuration mistake concerning user access rights during a website upgrade.

The information that was exposed includes full names, addresses, SSNs, DoBs, and 401k of data.

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American insurance and retirement colossus ‘Transamerica Corporation’ is now sending notices of a data breach to some of its customers, informing them of an incident that resulted in the compromise of their personal details. The data breach resulted from a configuration mistake during the upgrade of one of their plan administration websites, which happened on June 14, 2021.

Transamerica clarifies that their internal investigation hasn’t yielded anything particularly worrying as they found no signs of misuse of the exposed information. However, that doesn’t mean that nobody accessed other people’s details.
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To get an idea of the company’s size and its clientele, Transamerica employs 25,000 people, contracts 15,000 insurance agents, and operates in 3,000 locations worldwide. The particular security incident concerns the service that has to do with 401k plans administration for certain employers.
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Insurance Giant ‘Transamerica Corporation’ Announces Data Breach

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