In a recent cyberattack, Allianz Life, part of Allianz SE group (OTC:ALIZF), has confirmed that the personal data of most of its customers, financial professionals and employees has been stolen.
What Happened: The breach was confirmed by Allianz Life spokesperson Brett Weinberg to TechCrunch. The breach, which occurred on July 16, 2025, involved a third-party, cloud-based CRM system. The system held personally identifiable information for most of Allianz Life's 1.4 million customers, financial professionals, and certain employees.
"The threat actor was able to obtain personally identifiable data related to the majority of Allianz Life's customers, financial professionals, and select Allianz Life employees, using a social engineering technique," stated Weinberg.
The breach was disclosed in a mandatory filing with the attorney general of Maine on Saturday. The company has not disclosed the exact number of affected individuals. Allianz Life has notified the FBI and stated that there is no evidence of other compromised systems on its network.
Although the company has not disclosed if it has been contacted by the hackers, it has not attributed the breach to any specific hacking group. Allianz Life is the most recent insurance company to fall victim to a cyberattack, joining others like Aflac, a leading provider of supplemental health insurance.
The data breach is part of a growing wave of cyberattacks targeting the insurance sector. Allianz Life intends to begin notifying affected individuals by August 1.
Why It Matters: The insurance industry has been a prime target for cyberattacks in recent times. This incident comes in the wake of a series of high-profile cyberattacks on major companies.
Microsoft (NASDAQ:MSFT) is investigating a potential breach of its cyber threat notification system, while Clorox (NYSE:CLX) has accused Cognizant Technology Solutions (NASDAQ:CTSH) of negligence and breach of trust after a cyberattack caused significant damages.
Earlier in the year, Oracle (NYSE:ORCL) denied a massive data theft despite a hacker allegedly selling 6 million records stolen from its systems. These incidents highlight the increasing vulnerability of major corporations to cyber threats and the need for robust cybersecurity measures.
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Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
