TechDogs-"Brighthouse Life Insurance Company Provides Notice Of Data Security Event"

Financial Technology

Brighthouse Life Insurance Company Provides Notice Of Data Security Event

By Business Wire

Business Wire
Overall Rating

CHARLOTTE, N.C.--(BUSINESS WIRE)--On June 18, 2023, Genworth Life Insurance Company and Genworth Life Insurance Company of New York (“Genworth”) notified Brighthouse Life Insurance Company (“BLIC”) of a security incident at Genworth’s third-party vendor, PBI Research Services (“PBI”), that compromised the data of certain BLIC policyholders. On June 20, 2023, Genworth provided BLIC with the resident state information for the impacted policyholders.

Genworth administers a block of long-term care insurance policies for BLIC. Genworth contracts with PBI to identify policyholder deaths. PBI uses MOVEit, a data transfer software developed by Progress Software, to perform the death matching services. PBI shared with its clients that a vulnerability in MOVEit had caused the security incident, which took place on May 29, 2023, and May 30, 2023. PBI also notified Genworth that it implemented Progress Software’s security patches on June 2, 2023, to eliminate the vulnerability. The incident did not impact any BLIC information systems.

The incident resulted in the disclosure of the full name, Social Security number, date of birth, ZIP code, state of residence and policy number of the affected BLIC policyholders.

Affected policyholders are being notified by mail, which provides them with further information regarding the incident and how to enroll in 24 months of complimentary credit monitoring. Affected policyholders are encouraged to remain vigilant by reviewing their account statements and credit reports closely. If suspicious activity on an account is detected, affected policyholders should report the activity accordingly.

BLIC maintains appropriate technical, physical and administrative safeguards to protect its data and has a third-party risk management program in place to oversee its vendors. BLIC will continue to monitor and evaluate the evolving cybersecurity risk landscape and remain vigilant in taking proactive measures to address emerging threats to its data.

For more information, contact Brighthouse Financial at 844-474-8372, option 2.


Contacts

Brighthouse Financial
844-474-8372, option 2

First published on Fri, Aug 18, 2023

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Financial Management SolutionsGenworth Life Insurance Company Cybersecurity Risk Landscape Data Transfer Software

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