Prudential Financial Faces Cybersecurity Breach

Prudential Financial, a major global financial services company, suffered a breach last week where attackers accessed employee and contractor data before being stopped from further access. The company, managing $1.4 trillion in assets and serving over 50 million customers worldwide, detected the breach on February 5, one day after unauthorized access.

The breach was disclosed in an 8-K form filed with the U.S. Securities and Exchange Commission. Prudential believes the attackers, suspected to be a cybercrime group, accessed administrative and user data from some IT systems and a small percentage of user accounts. Law enforcement and regulatory authorities have been informed, and an investigation is ongoing to determine the full extent of the breach’s impact.

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Prudential hasn’t found evidence that customer data was compromised, and currently, the breach hasn’t materially affected its operations or financial condition. This incident follows a previous breach in May 2023 when the personal information of over 320,000 customers was exposed through a third-party vendor.


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