Valic Retirement Services Company Experiences Data Breach Exposing 798,000 Social Security Numbers
VALIC Retirement Services Company (VRSCO) [1] [2] [3] [4], a vendor used by Pension Benefit Information (PBI) [2] [3] [4], recently experienced a data breach that compromised the sensitive personal data of approximately 798,000 consumers [4]. This breach has significant implications for affected individuals and requires immediate attention.
Description
The breach occurred between May 29, 2023 [2], and May 30, 2023 [2], when hackers exploited a vulnerability in PBI’s MOVEit servers [4]. VRSCO promptly filed a notice with the Attorney General of Maine and began sending out data breach notification letters to affected individuals [2]. The compromised information includes full names [2], Social Security numbers [1] [2] [3] [4], dates of birth [1] [2] [3] [4], policy or account numbers [1] [2] [3] [4], and addresses [1] [2] [3] [4].
Individuals who receive a data breach letter from PBI should take steps to protect themselves [1] [3] [4], as they may be at risk of identity theft and other fraudulent activities. It is crucial for affected individuals to be vigilant and proactive in safeguarding their personal information.
Furthermore, Console & Associates [1] [3] [4], P.C [1] [3] [4]. is currently investigating claims on behalf of those affected by the breach [1] [3]. This offers affected individuals the possibility of financial compensation for any damages incurred.
VRSCO’s parent company [2], Corebridge Financial [2], relies on services provided by PBI and other vendors [2]. It is essential for Corebridge Financial to assess the security measures in place and ensure that similar breaches do not occur in the future.
VRSCO has taken immediate action to address the breach and is providing support to affected individuals [2]. It is crucial for VRSCO to continue prioritizing the security of consumer data and implementing robust measures to prevent future breaches.
Conclusion
The data breach experienced by VRSCO has had a significant impact on approximately 798,000 consumers. The compromised personal information puts affected individuals at risk of identity theft and other fraudulent activities. It is imperative for affected individuals to take necessary precautions to protect themselves.
Moving forward, it is crucial for companies like Corebridge Financial to thoroughly assess the security measures of their vendors and implement stringent protocols to prevent similar breaches. The investigation by Console & Associates, P.C [1] [3] [4]. offers affected individuals the opportunity to seek financial compensation for any damages suffered.
VRSCO’s prompt response and support to affected individuals demonstrate their commitment to addressing the breach. However, ongoing efforts must be made to ensure the security and privacy of consumer data.
References
[1] https://www.darkreading.com/attacks-breaches/valic-retirement-services-company-experiences-pbi-data-breach-exposing-approximately-798-000-social-security-numbers
[2] https://www.jdsupra.com/legalnews/valic-retirement-services-company-9894056/
[3] https://absolutefusion.my/2023/08/newswire/console-associates-p-c-valic-retirement-services-company-experiences-pbi-data-breach-exposing-approximately-798000-social-security-numbers/
[4] https://www.investorsobserver.com/news/qm-pr/8512196567199722
