Prudential Insurance Hit By MOVEit Breach Involving Over 320k Customers

  • By Steven
  • Published: Aug 11, 2023
  • Last Updated: Aug 11, 2023

Prudential Insurance Data Breach
Prudential Insurance Company of America is one of the largest financial services and insurance companies in the United States today. The organization is based in Newark, New Jersey, and manages over $1.377 trillion in assets for consumers in the US. The company employs over 39,000 workers and handles data for countless customers each year. Each of those customers was potentially damaged when Prudential suffered a serious data breach that released confidential information to attackers.

How Did the Attack Occur?

This Prudential Financial data breach occurred when PBI (Pension Benefit Information LLC), a service provider to the insurance company, suffered a breach due to its use of the MOVEit file transfer tool. When that breach occurred, a vast amount of consumer data was taken that made Prudential look bad and subjected its customers to serious data losses at the same time. The MOVEit breach likely occurred at the end of May, and reports indicate the data was specifically taken on May 31, 2023. 

What Information Was Viewed or Stolen?

When PBI was breached because of its use of the MOVEit file transfer solution, Prudential customer information such as Social Security numbers, birth dates, phone numbers, home addresses, and more were taken. The personal data lost for each individual varies, but everyone involved should assume they are at risk for an identity theft attack and that their information is in the hands of dangerous hackers. 

How Did Prudential and PBI Admit to the Breach?

Shortly after realizing it suffered from a data breach, PBI sent a notice to Prudential informing the company many of its customers were put at risk because of the data attack. PBI also began sending individual notices to everyone involved on behalf of all the companies it represents. Prudential filed a notice with the Attorney General of Main on July 31, 2023. Between those two sets of notices, most people involved in this breach should be alerted that their data was misused. 

What Will Become of the Stolen Information?

The ransomware gang behind all the MOVEit data attacks gathered the information to leverage it to get companies to pay a ransom. When the companies refuse to pay the ransom, the data is shared online. It's also possible the hackers will use the information to launch phishing and identity theft attacks. The attackers could also resell the data to other hackers that misuse it in other ways. There is real potential for harm from this breach; if you're involved, you should guard your information. 

What Should Affected Parties Do in the Aftermath of the Breach?

For those who receive a PBI notice explaining that your data was part of this breach, you must take action to protect yourself. There are many ways for hackers to exploit your personal data, and it's best to begin by looking at your credit report for potential issues. After you review your credit report, you should either freeze your credit or invest in credit monitoring to guard your personal information.

About the Author
IDStrong Logo

Related Articles

Instagram Vulnerability Allowed Hackers Access to Control Your Phone

Security experts Check Point Research discovered a critical vulnerability while examining Instagra ... Read More

Alien Malware Infects More than 226 Mobile Apps and Steals Bank Data

As reported on September 24, 2020, by ZDNet and ThreatPost, a new strain of malware named “A ... Read More

Universal Health Systems Hit by Ransomware Attack

Universal Health Systems (UHS), a Fortune 500 company owning more than 400 hospitals across the co ... Read More

Exchange Server Bug Exposes a Big Risk to Hackers

Months after Microsoft released a patch to fix a serious flaw in MS Exchange Server, more than 61% ... Read More

Clients’ Bank Data Exposed in Blackbaud Ransomware Attack

Blackbaud software was victim to a ransomware attack last May, and new information suggests that c ... Read More

Latest Articles

What is a Time-based One-time Password (TOTP)?

What is a Time-based One-time Password (TOTP)?

Authentication is the process that verifies the user's identity to control access to resources, prevent unauthorized users from gaining access to the system, and record user activities (to hold them accountable for their activities).

Corporate Fraud: Detection, Prevention, and the Role of Corporate Fraud Attorneys

Corporate Fraud: Detection, Prevention, and the Role of Corporate Fraud Attorneys

The growing scale of organizations and the more opportunities to push the boundaries have led to an upsurge in corporate fraud in recent years.

Is Upwork Legit and How To Protect Yourself?

Is Upwork Legit and How To Protect Yourself?

Doing business online has become simpler with the development of the Internet and mobile technologies. In general, both freelancers and clients benefit from the freelancing platforms.

Featured Articles

How to Buy a House with Bad Credit

How to Buy a House with Bad Credit

Buying your own home is the American Dream, but it might seem out of reach to those with bad credit. However, the good news is, if your credit is less than perfect, you do still have options and in most cases, can still buy a home.

How Secure Is Your Password? Tips to Improve Your Password Security

How Secure Is Your Password? Tips to Improve Your Password Security

Any good IT article on computers and network security will address the importance of strong, secure passwords. However, the challenge of good passwords is that most people have a hard time remembering them, so they use simple or obvious ones that pose a security risk.

Top 10 Senior Scams and How to Prevent Them

Top 10 Senior Scams and How to Prevent Them

Senior scams are becoming a major epidemic for two reasons. First, seniors often have a lot of money in the bank from a life of working hard and saving.

Notice

By proceeding with this scan, you agree to let IDStrong run a Free Scan of supplied parameters of your personal information and provide free preliminary findings in compliance with our Terms of Use and Privacy Notice. You consent to us using your provided information to complete the Free Scan and compare it against our records and breach databases or sources to provide your Free preliminary findings report.

Rest assured: IDStrong will not share your information with third parties or store your information beyond what is required to perform your scan and share your results.

Free Identity Threat Scan
Instantly Check if Your Personal Information is Exposed
All fields below are required
Please enter first name
Please enter last name
Please enter a city
Please select a state
Please enter an age
Please enter an email address
Close