Latest news with #AllianzLifeInsuranceCompanyofNorthAmerica
Yahoo
a day ago
- Business
- Yahoo
Allianz Life discloses massive data breach linked to supply-chain attack
This story was originally published on Cybersecurity Dive. To receive daily news and insights, subscribe to our free daily Cybersecurity Dive newsletter. Allianz Life Insurance Company of North America on Friday disclosed a massive data breach affecting most of the firm's 1.4 million U.S. customers, professionals and select employees. In a statement, the Minneapolis-based insurance provider said a hacker used social engineering to breach one of its cloud vendors on July 16 and steal most of its customers' personally identifiable information. The company said it discovered the intrusion the next day. The breach was the result of a social engineering attack, according to the company's filing with the Maine Attorney General's office. Allianz said it responded immediately after discovering the hack and notified the FBI. The disclosure follows a months-long international attack spree linked to the cybercrime collective Scattered Spider, which has used voice phishing techniques to target a range of industries, including insurance providers. Last week, Philadelphia Indemnity Insurance disclosed a massive breach. And in June, Aflac and Erie Insurance disclosed that they had fallen victim to cyberattacks. Allianz Life, a subsidiary of the German firm Allianz SE, said it had no evidence that the hacker had accessed the company's own computer networks, including its policy administration system. The company's filing with the Maine AG's office includes a placeholder copy of its breach notice, with the company promising to share a full copy of the letter once it identifies all of the affected customers
Yahoo
a day ago
- Business
- Yahoo
Allianz Life discloses massive data breach linked to supply-chain attack
This story was originally published on Cybersecurity Dive. To receive daily news and insights, subscribe to our free daily Cybersecurity Dive newsletter. Allianz Life Insurance Company of North America on Friday disclosed a massive data breach affecting most of the firm's 1.4 million U.S. customers, professionals and select employees. In a statement, the Minneapolis-based insurance provider said a hacker used social engineering to breach one of its cloud vendors on July 16 and steal most of its customers' personally identifiable information. The company said it discovered the intrusion the next day. The breach was the result of a social engineering attack, according to the company's filing with the Maine Attorney General's office. Allianz said it responded immediately after discovering the hack and notified the FBI. The disclosure follows a months-long international attack spree linked to the cybercrime collective Scattered Spider, which has used voice phishing techniques to target a range of industries, including insurance providers. Last week, Philadelphia Indemnity Insurance disclosed a massive breach. And in June, Aflac and Erie Insurance disclosed that they had fallen victim to cyberattacks. Allianz Life, a subsidiary of the German firm Allianz SE, said it had no evidence that the hacker had accessed the company's own computer networks, including its policy administration system. The company's filing with the Maine AG's office includes a placeholder copy of its breach notice, with the company promising to share a full copy of the letter once it identifies all of the affected customers Sign in to access your portfolio
Time of India
3 days ago
- Business
- Time of India
Over a million Americans data 'hacked': Allianz Life says majority of customers' data stolen; FBI notified
Allianz Life Insurance Company of North America has suffered a major hacker attack affecting millions of customers. A 'malicious threat actor' gained access to a third-party, cloud-based system used by Allianz and obtained personally identifiable data related to the majority of customers as well as financial professionals and some employees, Allianz Life said in an emailed statement to Bloomberg. Hackers gained access to personal data on the majority of the 1.4 million customers of Allianz Life Insurance Company of North America, the company confirmed. 'The threat actor was able to obtain personally identifiable data related to the majority of Allianz Life's customers, financial professionals, and select Allianz Life employees, using a social engineering technique,' the statement added. Allianz Life said its investigation is ongoing and that the company has begun reaching out to the impacted individuals and disclosed it in a filing with the Maine attorney general's office. The company claimed that its own systems were not accessed, just the third-party's platform. It said the incident involves only Allianz Life in the U.S., not other Allianz corporate entities. FBI notified of the hacking Allianz Life said that it has notified the Federal Bureau of Investigation (FBI) of the hacking attack. 'We took immediate action to contain and mitigate the issue and notified the FBI,' Allianz Life said. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Jakarta: Unsold Sofas Prices May Surprise You (Prices May Surprise You) Sofas | Search Ads Search Now Undo Allianz Life further said that the company has reported the breach to multiple other authorities, including the Maine Attorney General's Office. A filing on the agency's website said the company discovered the breach the day after it happened, and that it will be offering those affected 24 months of identity theft protection and credit monitoring. Allianz Life Insurance Company of North America is subsidiary of German company Minneapolis-based Allianz Life Insurance Company of North America is one of five North American subsidiaries of the Munich-based global financial services group Allianz SE, which says it serves more than 125 million customers worldwide. Allianz Life was known as North American Life and Casualty until it was acquired by German conglomerate Allianz SE in 1979 and changed its name to Allianz Life Insurance Company of North America. The company has nearly 2,000 employees in the U.S., with the majority working in Minnesota, as per the information given on its website. AI Masterclass for Students. Upskill Young Ones Today!– Join Now
Yahoo
12-06-2025
- Business
- Yahoo
Keystone Community Services to bring back free summer meals program
Keystone Community Services is slated to bring back its Free Farmers Market program, a series of drive-through events at locations in St. Paul and Roseville offering produce to community members. The food-shelf service nonprofit offers the seasonal market as a way to combat food insecurity. The markets 'Access to healthy food should never be a barrier to someone's success,' said Adero Riser Cobb, president and CEO of Keystone Community Services, in a statement. 'These markets are a reflection of our belief in community, dignity, and opportunity — and in working together to ensure all our neighbors have what they need to thrive.' With support and funding from M Health Fairview, Allianz Life Insurance Company of North America and Minnesota United FC, Farmers Market participants will receive an assortment of fruits and vegetables. While Keystone offers food shelf services year-round, the farmer's market serves as an additional lane of support for those struggling with food insecurity. The seasonal markets will be from: • 10 a.m. to noon, on July 11, Aug. 1, Sept. 5 and Oct. 3 at Roseville Covenant Church. • 10 a.m. to noon, on June 27, July 25, Aug. 15, Sept. 19 and Oct. 10 at Galilee Lutheran Church in Roseville. • 10 a.m. to noon on June 13, July 18, Aug. 8 and Sept, 12 at Allianz Field in St. Paul. The markets also aim to address issues involving transportation, limited quantities of food and any stigma surrounding attending a food shelf. For more information go to or call 651-645-0349. St. Paul Downtown Development Corp. seeks to acquire Alliance Bank Center In downtown St. Paul, minus a cafe, Landmark Center is 100% leased Darts welcomes new president with strong Dakota County ties New Bush Foundation Fellows include amputee, journalist, architect, more With federal cuts, Hubert H. Humphrey Job Corps to close after 44 years
Business Wire
06-05-2025
- Business
- Business Wire
Allianz Life Introduces New Versions of Top-Selling Fixed Index Annuities
MINNEAPOLIS--(BUSINESS WIRE)--Allianz Life Insurance Company of North America (Allianz Life) announced today that it is launching enhanced versions of two of its top-selling 1 fixed index annuities in response to consumer demand and to further help protect Americans from ongoing market volatility. Allianz Benefit Control+ TM Annuity and Allianz 222+ TM Annuity have more options for diversification and personalization with new features: Accessibility enhancements include the Income Flex Benefit that allows clients to access more of their annuity's value sooner to help address life's unexpected events 2. Crediting innovations to offer greater choice include a 1-Year Highest Daily Value crediting method with a participation rate 2 and Performance Trigger crediting method 3. New options of indexing diversification 4 include an S&P 500® Futures Index ER with a non-volatility-controlled pure equity options and a Morgan Stanley Strategic Trends 10 ER Index that adapts to market trends and offers tech equity exposure. 'Americans are looking for more options to personalize products to their own investment philosophy in today's market environment,' said Heidi Vanderkloot, head of FMO distribution, Allianz Life. 'These enhanced versions of our top-selling income FIAs offer greater flexibility and more control than ever before while continuing to provide a level of protection against risks to help consumers attain their retirement goals.' Allianz Benefit Control+ TM Annuity and Allianz 222+ TM Annuity still have signature benefits that can mitigate the risks of inflation and market volatility such as an increasing income opportunity that helps clients address the rising cost of living 5 and Index Lock that allows clients to lock in a positive index value once per crediting period 6. 1 Internal Allianz Life sales data for Allianz 222 ® Annuity and Allianz Benefit Control ® Annuity. 2 In some circumstances, using the Income Flex Benefit may deplete the accumulation value more quickly. If the accumulation value goes to zero, other benefits may be impacted. 3 Available on certain index(es) 4 Diversifying allocations within a fixed index annuity does not ensure an interest credit in any crediting period. No single allocation option will be most effective in all market environments. There is potential for volatility controlled indexes to underperform compared against benchmark indexes. 5 Increasing income potential is provided through a built-in rider at no additional cost. 6 Exercising an Index Lock may result in a credit higher or lower than if the Index Lock has not been exercised. Fixed index annuities are designed to meet long-term needs for retirement income. They provide guarantees against the loss of principal and credited interest, tax-deferred accumulation potential, and the reassurance of a death benefit for beneficiaries. Distributions are subject to ordinary income tax and, if taken prior to age 59 1/2, an additional 10% federal tax. Guarantees are backed solely by the financial strength and claims-paying ability of the issuing insurance company. C64997-MVA, R95581-02-MVA, R95352-01-MVA Product and feature availability may vary by state and broker/dealer. This content does not apply in the state of New York. About Allianz Life Insurance Company of North America Allianz Life Insurance Company of North America (Allianz Life), one of the Ethisphere World's Most Ethical Companies®, has been trusted since 1896 to help millions of Americans prepare for financial uncertainties and retirement with a variety of innovative risk management solutions. In 2024, Allianz Life provided additional value to its policyholders via distributions of more than $18.6 billion. Allianz Life is a leading provider of fixed index annuities, registered index-linked annuities, and indexed universal life insurance. Additionally, Allianz Investment Management LLC (AllianzIM), a registered investment adviser and wholly owned subsidiary of Allianz Life, offers a suite of exchange-traded funds (ETFs). Allianz Life and AllianzIM are part of Allianz SE, a global leader in the financial services industry with more than 157,000 employees in nearly 70 countries. Allianz Life is a proud sponsor of Allianz Field® in St. Paul, Minnesota, home of Major League Soccer's Minnesota United.
