Insurance firm discloses data breach

Fortune 500 insurance holding company Genworth Financial disclosed a data breach after an unauthorized party gained access to insurance agents’ online accounts using compromised login credentials.

The U.S. mortgage and long term care insurer had revenue of $8,6 billion during the last fiscal year and it reached a deal with China Oceanwide Holdings Group that will allow the Chinese company to buy Genworth for $2.7 billion.

Genworth’s services and products are offered through financial advisors, intermediaries, as well as sales specialists and independent distributors.

Source: Bleeping Computer