Life Insurance Data Breach at Landmark Admin Affects 1.6 Million Clients

Landmark Administration, a company managing life insurance and annuity records, experienced a data breach last year affecting an estimated 1.6 million individuals, although the breach was only recently disclosed.

The breach exposes critical considerations for insurers and annuity providers regarding data security measures and breach notification protocols mandated by regulatory authorities. Affected individuals will receive official communication, and insurance professionals should be alert for potential fraudulent outreach such as phishing attempts targeting compromised personal information.

This incident underscores ongoing cybersecurity vulnerabilities within the insurance sector, emphasizing the need for enhanced cyber risk management strategies and consumer protection safeguards. The breach's delayed disclosure highlights regulatory compliance challenges surrounding timely notification and transparency obligations in data breach events.