Industry News: ESG5

The target: Genworth Financial, a fortune 500 Insurance holding company for mortgages and long term care.

The take: Personally Identifiable data of 1600 clients including: name, address, age, gender, date of birth, financial information, social security number, and signature.

The attack vector: The attackers gained unauthorized access through compromised login credentials belonging to some of Genworth’s third party insurance agents. These agents use an online access portal run by Genworth to manage their client’s policies. By exploiting the hacked logins, the threat actors were able to gather a trove of data which is very valuable for phishing attacks, identity theft and more.

This attack highlights the critical need for robust credential management amongst not only a firm’s employee, but also amongst third parties, and wherever access to a firm’s data is concerned.

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