Millions of Genworth Policyholders and California Pensioners Had Data Stolen in Cyberhack
The California Public Employees Retirement System (CalPERS), the nation’s largest public pension fund and insurer, Genworth Financial, admitted that the personal information of millions of account holders was compromised in a major security breach.
A third-party file storage vendor, PBI Research Services, was attacked by Russian hackers after going through a loophole in its MOVEit Transfer software, who then stole the data from CalPERS and Genworth.
The cybercriminals were able to exploit a weakness in the system that contained the records of deceased CalPERS members.
MOVEit file storage software is popular with many organizations around the world to store and share sensitive data….