Scams, identity theft and cybercrimes threaten everyone.
Every year people lose billions of dollars to scams, identity theft and cybercrime. No one is immune to these dangers. Young and old alike are victims and if you think you are too smart to become a victim, you are wrong. According to the National Association of Securities Dealers wealthy, financially literate and astute people are actually more likely to become victims of financial scams.
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Scam of the day – May 26, 2026 – Liberty Mutual Data Breach Class Action Filed
Insurance company Liberty Mutual suffered a data breach on April 30th done by the ransomware group Everest. Stolen data included policyholders’ names, addresses, insurance policy numbers, financial and billing details and other personal information including, some medical information. The breach was not done as a direct breach of Liberty Mutual’s own internal systems, but done through a supply chain attack. Supply chain attacks have become a trend where hackers target companies with less security who have access to the data of the company that is the real target of the criminals. Often it takes the form of injecting malware into software developed by companies that is later used by other companies or government agencies that allows the criminals access to their targeted victims’ data. In other instances, such as the supply chain attacks have attacked companies used by their target companies to manage their customer data.
When Liberty Mutual refused to pay the demanded ransom promptly, Everest added Liberty Mutual to its dark web site where they threaten to post the information stolen. Now a proposed class action has been filed by two affected customers in Massachusetts claiming Liberty Mutual was negligent in its failure to protect sensitive customer data. I will keep you informed as to progress of the lawsuit.
TIPS
This data breach and the resulting class action is a good example of companies having to do a better job at protecting their customers data. In particular, the threat of supply chain attacks must be anticipated by assessing various vender security practices before sharing data, encrypting all sensitive data and limiting access to only employees who require access to particular data. Not enough companies are taking these common sense steps.
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