March 6, 2024 at 05:31PM
FILI notified 30,000 individuals of a third-party data breach, affecting names, Social Security numbers, bank account details, and more. This is the second breach involving IMS this year. Jeff Margolies points to increased third-party security breaches and the need for better third-party access management. Fidelity offers 24 months of credit monitoring.
After reviewing the meeting notes, the key takeaways are:
– Fidelity Investments Life Insurance Company (FILI) is notifying nearly 30,000 individuals of a third-party data breach affecting their information.
– The breach was reported by third-party service provider Infosys McCamish (IMS) after a cybersecurity event disrupted its services in November.
– The unauthorized actor obtained data stored on IMS systems, potentially including individual names, Social Security numbers, states of residence, bank account and routing numbers, and dates of birth.
– This is the second breach involving IMS this year; last month, Bank of America faced a similar issue after an IMS ransomware attack.
– Jeff Margolies, chief product and strategy officer at Saviynt, emphasized the growing frequency and impact of third-party security breaches, urging enterprises to improve their capabilities in managing third-party access.
– Fidelity is offering affected individuals 24 months of credit monitoring through TransUnion Interactive and advising them to personally review financial statements and credit reports for any fraudulent or suspicious activity.