Summary
Hackers stole personal information from most of Allianz Life's 1.4 million North American customers through a cyber-attack. The company said the hackers accessed a cloud-based system using a method called social engineering, where people are tricked into giving away sensitive data.
Key Facts
- Hackers accessed personal data of Allianz Life's North American customers.
- The breach involved a third-party cloud-based system, not Allianz's internal systems.
- Allianz reported the breach to the FBI and took steps to control it.
- Allianz stated their internal network, including the policy system, was not accessed.
- The company is contacting affected individuals to help them.
- Allianz Life has 1.4 million customers, part of over 125 million global customers.
- Social engineering involves tricking people to reveal confidential information by posing as trustworthy entities.
