June 14, 2024 at 08:39AM
Globe Life, a financial services company, confirms potential unauthorized access to consumer and policyholder data via a breached web portal. The incident, discovered on June 13, prompted immediate portal closure. The company assures no significant operational impact, initiating incident response and hiring security experts for remediation and impact assessment. Ongoing investigation continues.
From the meeting notes provided, it is evident that Globe Life, an American financial services holding company, experienced a potential data breach after attackers accessed consumer and policyholder data through one of its web portals. The incident was discovered during a review of access permissions and user identity management prompted by an inquiry from a state insurance regulator on June 13.
Upon notification of the breach, the company promptly removed external access to the affected portal. They state that at this time, they believe the issue is limited to this specific portal, and all other systems remain operational.
Following the detection of the breach, Globe Life activated its incident response plan and engaged external security experts to address any security issues and assess the incident’s full scope, nature, and impact. Notably, the company emphasized that as of the present report, the incident has not had a material impact on their operations, and they are yet to determine if it warrants reporting under specific regulatory requirements.
Additionally, it is mentioned that Globe Life is a Texas-based holding company listed on the New York Stock Exchange, employing over 3,600 individuals and providing life, health, and worksite insurance products and services through subsidiaries. The company previously faced a significant stock price drop after allegations of insurance fraud but denied these claims.
If you need further information or details from these meeting notes, feel free to ask.