Massive Data Breach at NTT DATA Americas Exposes Standard Insurance Customers’ Personal Details

In a recent incident, the personal details of Standard Insurance customers were exposed in a data breach. The breach occurred on servers belonging to PBI Research Services, a company processing data for Standard Insurance, and was being hosted by NTT DATA Americas. This breach has impacted over 300,000 individuals, highlighting the urgent need for stronger cybersecurity measures.

Impact and exposure

The attacker gained unauthorized access to Standard Insurance data through the MOVEit Transfer service used by PBI Research Services. NTT DATA Americas, the subsidiary of the Japanese multinational IT company NTT DATA, has informed affected individuals about the breach. According to information disclosed to the Maine Attorney General, approximately 308,072 people had their personal details compromised in this attack.

Risks of Social Security Number (SSN) exposure

The compromised personal details include names and Social Security numbers (SSNs). The exposure of SSNs poses significant risks as the stolen data can be used by impersonators for identity theft. Combined with names and driver’s license numbers, stolen SSNs provide the necessary ammunition for criminals to commit various forms of fraud, including financial and medical identity theft. This breach underscores the critical importance of protecting such sensitive information.

Role of PBI Research Services

PBI Research Services, a US-based population management solutions provider, was exposed to this attack due to the utilization of the MOVEit Transfer service. This platform served as the entry point for the malicious actors to gain unauthorized access to the data processed for Standard Insurance. The incident emphasizes the need for organizations to conduct thorough risk assessments and ensure the security of third-party services they rely on.

NTT DATA Americas: A Major IT Player

NTT DATA Americas, a subsidiary of the Japanese multinational IT company NTT DATA, plays a crucial role in the incident. With over 139,000 employees and revenues exceeding $30 billion, NTT DATA is a major player in the global technology industry. However, this breach raises concerns about the company’s security protocols and highlights the importance of implementing robust cybersecurity measures.

Scope of MOVEit Transfer attacks

The MOVEit Transfer attacks have caused widespread damage. Over 980 organizations and nearly 60 million individuals have been confirmed to be impacted by these attacks. The ransomware gang Cl0p has claimed responsibility for these breaches, targeting various sectors and industries. This extensive scale of the attacks reveals the urgent need for enhanced cybersecurity practices and vigilance in the face of evolving threats.

Other affected organizations

Standard Insurance is not the only organization affected by the MOVEit Transfer attacks. Numerous well-known companies, including TD Ameritrade and American Airlines, have had their clients’ personal data exposed in this breach. The significant list of targeted entities also includes TJX, TomTom, Pioneer Electronics, and AMC Theatres. These incidents highlight the importance of organizations, irrespective of their size or industry, prioritizing cybersecurity as a foundational element of their operations.

The massive data breach at NTT DATA Americas, impacting Standard Insurance customers, serves as a wake-up call for organizations around the world. The exposure of personal details, including Social Security numbers, underscores the severe risks posed by such incidents. It is crucial for businesses to invest in robust cybersecurity measures, conduct regular risk assessments, and ensure the security of their third-party service providers. This incident highlights the need for heightened vigilance and comprehensive security protocols to protect sensitive personal information from falling into the wrong hands.

Explore more

AI Revolutionizes Corporate Finance: Enhancing CFO Strategies

Imagine a finance department where decisions are made with unprecedented speed and accuracy, and predictions of market trends are made almost effortlessly. In today’s rapidly changing business landscape, CFOs are facing immense pressure to keep up. These leaders wonder: Can Artificial Intelligence be the game-changer they’ve been waiting for in corporate finance? The unexpected truth is that AI integration is

AI Revolutionizes Risk Management in Financial Trading

In an era characterized by rapid change and volatility, artificial intelligence (AI) emerges as a pivotal tool for redefining risk management practices in financial markets. Financial institutions increasingly turn to AI for its advanced analytical capabilities, offering more precise and effective risk mitigation. This analysis delves into key trends, evaluates current market patterns, and projects the transformative journey AI is

Is AI Transforming or Enhancing Financial Sector Jobs?

Artificial intelligence stands at the forefront of technological innovation, shaping industries far and wide, and the financial sector is no exception to this transformative wave. As AI integrates into finance, it isn’t merely automating tasks or replacing jobs but is reshaping the very structure and nature of work. From asset allocation to compliance, AI’s influence stretches across the industry’s diverse

RPA’s Resilience: Evolving in Automation’s Complex Ecosystem

Ever heard the assertion that certain technologies are on the brink of extinction, only for them to persist against all odds? In the rapidly shifting tech landscape, Robotic Process Automation (RPA) has continually faced similar scrutiny, predicted to be overtaken by shinier, more advanced systems. Yet, here we are, with RPA not just surviving but thriving, cementing its role within

How Is RPA Transforming Business Automation?

In today’s fast-paced business environment, automation has become a pivotal strategy for companies striving for efficiency and innovation. Robotic Process Automation (RPA) has emerged as a key player in this automation revolution, transforming the way businesses operate. RPA’s capability to mimic human actions while interacting with digital systems has positioned it at the forefront of technological advancement. By enabling companies