Transamerica Data Breach Investigation
Strauss Borrelli PLLC, a leading data breach law firm, is investigating Transamerica Life Insurance Company regarding its recent data breach. The Transamerica data breach involved sensitive personal identifiable information belonging to over 1,300 individuals.
ABOUT TRANSAMERICA LIFE INSURANCE COMPANY:
Transamerica is a financial services company that specializes in retirement plans, life insurance, employee benefits, annuities, and investments. Founded in 1906 as the Bank of Italy, Transamerica prides itself on its commitment to making financial services available to everyone. As a part of the leading international financial organization, Aegon N.V., Transamerica helps serve 30.4 million customers and employs 22,000 individuals around the world. Accordingly, Transamerica manages 12.5 million policies and has processed 3.3 million claims.
WHAT HAPPENED?
Recently, Transamerica discovered that its third-party vendor, Pension Benefit Information, LLC (“PBI”), experienced a data breach in which the sensitive personal identifiable information of Transamerica’s clients may have been accessed and obtained. Through its investigation, PBI determined that an unauthorized actor may have accessed and obtained this sensitive information belonging to Transamerica’s clients through a vulnerability in the MOVEit file transfer platform used by PBI between May 29 and May 30, 2023. In July, PBI began contacting individuals whose information may have been impacted. At present, the type of information exposed has not been made publicly available.
If you received a breach notification letter from Pension Benefit Information, LLC on behalf of Transamerica Life Insurance Company:
We would like to speak with you about your rights and potential legal remedies in response to this data breach. Please fill out the form, below, or contact us at 872.263.1100 or sam@straussborrelli.com.
