On August 3, 2023, Unum Group – a Fortune 500 insurance company – became yet another target of cyber criminals as it revealed a data breach on its subsidiary- Starmount Life Insurance Company, Inc. The company posted a notice of data breach on its website, alerting users about unauthorized access to its MOVEit server.
According to the notice, the data breach has exposed sensitive consumer information. The extent of exposed data includes consumers’ names, dates of birth, addresses, and even Social Security numbers. In an unfortunate twist, even the medical information and health insurance claims of the clientele were exposed.
This incident adds to the growing concerns over the vulnerability of corporate databases, especially those with the custody of sensitive consumer data. Such data breaches can have far-reaching implications for both the users and the corporations involved, ranging from identity theft to consequent legal actions.
The news about this incident was brought to light by Console and Associates, P.C., a law firm that specialises in bringing legal actions against companies that fail to safeguard consumer data. It is yet to be seen how Unum Group will address the breach and the subsequent implications concerning its damaged reputation and possible legal ramifications.