Transamerica Life Insurance Data Breach
INVESTIGATING Transamerica data breach & data theft claims
- Transamerica Life Insurance has sent data breach notices to clients, alerting them of a potential network security breach
- Exposed client personal information allegedly includes names, addresses, Social Security numbers, dates of birth, and 401k info
The American insurance and retirement company Transamerica Corporation has sent out letters notifying clients of a data breach to some customers, informing them of a security breach that may impact their personal privacy.
Personal information that may have been accessed by unauthorized users may include the following:
- Full name
- Physical address
- Social Security number
- Date of birth
- Retirement plan contribution details
Transamerica conducted a data breach investigation and found no signs of data misuse, however there is some doubt about where the data may have ended up. The full scope of the Transamerica data breach incident and the number of clients who may have been affected has not been determined.
What Happened at Transamerica Life?
There was an alleged vulnerability in the MOVEit file transfer platform used by PBI between May 29 and May 30, 2023. PBI has been contacting individuals whose information may have been impacted for over six months.
On July 26, 2023, Pension Benefit Information, LLC (PBI) filed a notice of data breach on behalf of Transamerica Life Insurance Company after confirming that a vulnerability in the file-transfer program MOVEit resulted in the theft of confidential information.
The breaches involving MOVEit have affected tens of millions of individuals across the United States. If you received a data breach notification from PBI discussing the data breach incident at Transamerica Life Insurance Company, it is important to understand what is at risk and what your next steps should be.
A data breach lawyer can help you learn more about how to protect your privacy from this point forward, and can discuss possible legal action.
Transamerica is a financial services company that specializes in retirement plans, life insurance, employee benefits, annuities, and investments. Transamerica manages over 12 million policies and has processed 3.3 million claims.
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