Landmark Admin Data Breach Affects 1.6 Million Life Insurance Customers

Landmark Admin, a third-party administrator for life insurance and annuity companies, disclosed a significant data breach that occurred last May. Initially, the company estimated that 800,000 individuals were affected, but updated details filed with the Maine Attorney General’s Office reveal the number has actually doubled to approximately 1.6 million people. This breach involved exposure of personally identifiable information, raising concerns about data security practices within life insurance administration.

The expanded scope of the breach highlights the growing risks and regulatory scrutiny facing insurance TPAs handling sensitive consumer data. Insurers and brokers should closely monitor compliance requirements related to data protection and breach notification as these incidents continue to affect the industry. This case underscores the critical importance of robust cybersecurity measures and prompt reporting in the insurance sector’s third-party service arrangements.