Leading Financial Services Company Prudential Financial Suffers Cybersecurity Breach

Prudential Financial, one of the largest global financial services companies, has revealed that it suffered a security breach last week, resulting in the theft of employee and contractor data. The company, which manages approximately $1.4 trillion in assets and provides services to over 50 million customers worldwide, detected the breach on February 5 after attackers gained access to some of its systems on February 4.

In a statement filed with the U.S. Securities and Exchange Commission, Prudential disclosed that it believes the threat actor, suspected to be a cybercrime group, accessed company administrative and user data from certain information technology systems and a small percentage of user accounts associated with employees and contractors. Prudential has reported the breach to law enforcement agencies and is working with regulatory authorities to address the incident.

The investigation is ongoing to determine the full scope and impact of the breach, including potential access to other information or systems on the company’s network. At this time, Prudential has not found any evidence to suggest that the attackers obtained customer or client data. The company also stated that the incident has not materially impacted its operations or financial condition.

This is not the first time Prudential has faced a data breach. In May 2023, over 320,000 Prudential customers had their personal information exposed after a third-party vendor, Pension Benefit Information, was breached by the Clop cybercrime gang.

When contacted for comment, a spokesperson for Prudential Financial was not immediately available. The company continues to take steps to address the breach and protect the affected individuals.


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