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Life and Annuity Issuer Faces Fits Over ‘SIM Swap’ Cyberattack

admin by admin
2024年2月14日
in Life insurance
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Life and Annuity Issuer Faces Fits Over ‘SIM Swap’ Cyberattack
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A number of hackers persuaded a mobile phone firm to allow them to take over a CNO Monetary Group govt’s cellphone. Now the life and annuity issuer is dealing with lawsuits over the hackers’ use of the cellphone to get at its information.

CNO believes the hackers may have seen clients’ names, dates of beginning, coverage numbers and Social Safety numbers, in accordance with Maine’s data breach reporting website.

The assault could have affected 45,842 clients at CNO’s Bankers Life and Casualty unit and 20,360 clients at its Washington Nationwide unit. CNO supplied affected clients one yr of free entry to id theft safety providers.

Plaintiffs have filed no less than three class-action complaints over the breach in federal courts in Illinois and Indiana up to now week.

“As a result of pending litigation, CNO won’t be offering any touch upon the case,” the corporate stated Tuesday.

CNO: CNO is a Carmel, Indiana-based monetary providers firm that sells life insurance coverage, annuities, long-term care insurance coverage and supplemental medical insurance merchandise, together with Medicare complement insurance coverage and Medicare Benefit plans.

The assault: CNO stated in notification letters despatched in late January that it found the breach Nov. 29, 2023, and believes the breach occurred Nov. 28, 2023.

The breach was the results of “SIM swapping,” the corporate stated.

In a SIM swap assault, the hackers begin by getting detailed details about the victims, in accordance with the Cybersecurity and Infrastructure Security Agency.

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