PRUDENTIAL Financial Falls Victim to Cyber Attacks
One of the leading financial and insurance companies, PRUDENTIAL Financial, has recently experienced cyber attacks that resulted in the disclosure of data belonging to employees and contractors. The company reported the safety violations to the US Securities and Exchange Commission (SEC) through an 8-Kon submission which can be found here. According to the report, the hacking incident occurred on February 4, and the company promptly responded by blocking the hackers’ access to compromised systems on February 5. Prudential believes that the cybercriminals were able to access administrative data, user information from certain IT systems, as well as the accounts of a small percentage of employees and contractors.
The company has already informed law enforcement agencies about the incident and notified all relevant regulators. Currently, an investigation is underway to determine the full scope and impact of the breach. Prudential stresses that no customer information or customer accounts were compromised during the cyber attacks. Furthermore, the company asserts that the incident will not have a significant impact on its operations, financial condition, or results.
Prudential Financial is responsible for managing approximately $1.4 trillion in assets and serves over 50 million customers worldwide. Its services span insurance, pension planning, financial management, and investments across the USA, Asia, Europe, and Latin America. The company reported revenues exceeding $50 billion in 2023 and employs a global workforce of 40,000 individuals.