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Bank Info Security 11 months, 2 weeks ago

Allianz Life Breach Tied to CRM Compromise

Attackers Stole US Customer Data Using Social EngineeringA malicious actor breached a customer relationship management platform used by Allianz Life Insurance of North America on July 16 and stole personally identifiable information of most of its 1.4 million U.S. customers, financial professionals and some employees, the company said.

Two different kinds of fraud, says judge while throwing out lawsuit against insurer A Minnesota computer store suing its crime insurance provider has had its case dismissed, with the courts saying it was a clear instance of social engineering, a crime for which the insurer was only liable to cover a fraction of total losses.…