Allianz Life Insurance Company of North America has confirmed a significant data breach that compromised the personal information of the majority of its 1.4 million U.S. customers, along with financial professionals and select employees.

The breach occurred on July 16, when a “malicious threat actor” infiltrated a third-party cloud-based system used by the company. According to Allianz Life, the attackers used a social engineering technique to access personally identifiable information (PII). While the company emphasized that its own internal systems were not breached, the scale and sensitivity of the data accessed have raised serious concerns.

“We took immediate action to contain and mitigate the issue and notified the FBI,” Allianz Life said in an official statement. The company has also reported the incident to several other regulatory authorities, including the Maine Attorney General’s Office. Continue reading Allianz Life Confirms Major Data Breach Affecting Majority of U.S. Customers →