June 17, 2024 at 10:14AM
Texas-based insurance company Globe Life is investigating a data breach impacting consumer and policyholder information. The breach, disclosed in an SEC filing, is related to a web portal vulnerability. External access to the portal has been removed, and outside experts have been hired to assist with the investigation. The cyber incident has not had a significant impact.
Key takeaways from the meeting notes:
– Globe Life, a Texas-based insurance company, is currently investigating a data breach that has impacted the information of consumers and policyholders.
– The breach was disclosed in a filing with the SEC and the company has launched an investigation into potential vulnerabilities related to access permissions and user identity management for a company web portal.
– It’s unclear what type of data may have been compromised, but the company has removed external access to the portal and believes the issue is specific to that portal.
– Globe Life has hired outside experts to assist with the investigation, and the cybersecurity incident has not had a material impact thus far.
– Globe Life companies have more than 17 million policies and $227 billion of coverage in force, and it’s unclear if the company was targeted in a ransomware attack.
– The insurance sector is often targeted by cybercriminals, and Globe Life has been contacted for additional information.