- Wilton Reassurance Company is urgently addressing a data breach that occurred between May 29 and May 30, affecting over 1.4 million individuals, with compromised data including names and Social Security Numbers.
- The breach was attributed to an external hack on MOVEit Transfer, a file transfer tool used by PBI Research Services, highlighting the vulnerability of third-party service providers in handling sensitive financial data.
Wilton Reassurance Company, a prominent financial services entity, has reported a substantial data breach affecting 1,482,490 individuals. The breach occurred between May 29 and May 30, 2023, and was discovered on June 7, 2023. According to the details provided by Michael Bahar, a partner at Eversheds Sutherland and outside counsel to Wilton Reassurance Company, the breach was a result of an external system hack.
The compromised system was a file transfer tool called MOVEit Transfer, operated by a third-party service provider, PBI Research Services. Among the data exposed were names and Social Security Numbers of affected individuals, which raises serious concerns about identity theft and fraud.
Wilton Reassurance Company is located at 20 Glover Ave, Norwalk, Connecticut, and has been serving a vast customer base in the financial sector. The organization is now under immense pressure to address the breach and ensure that necessary measures are taken to protect the affected individuals.
This incident comes in the wake of a series of security breaches targeting financial services. One such incident was the breach involving MOVEit Transfer. In a separate incident earlier this year, MOVEit Transfer, a widely-used file transfer tool, was the target of a sophisticated hacking attempt that compromised sensitive data. This breach highlighted vulnerabilities in file transfer systems and stressed the importance of robust security measures for third-party service providers, especially those dealing with sensitive financial data.
Wilton Reassurance Company has not yet disclosed the steps it will take in response to the breach, but clients and stakeholders are urged to be vigilant and monitor their financial accounts for any suspicious activity. The company is expected to work closely with law enforcement agencies and cybersecurity experts to investigate the breach and implement measures to prevent similar incidents in the future.