South African Insurer Liberty Reports Data Breach
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Liberty, a major South African insurer and subsidiary of the Standard Bank Group, reports a data breach on March 11, 2024, following unauthorized third-party access to its internal data systems.
The insurer claims that the breach was limited to some systems and did not affect its core operations or the security of client investments. The current investigation is supported by external cybersecurity experts to determine the full scope of the breach. The compromised data includes:
- Full names
- Surnames
- National Identity (ID) numbers
The nature of the attack and number of affected individuals is not disclosed. Affected clients are being notified via SMS and reassured that services remain fully operational. The insurer stated that it operates within a robust regulatory framework and is taking all necessary steps to fulfill its legal obligations to data subjects.
Liberty recommends that affected clients monitor their credit profiles and bank statements for fraudulent activity and enable multi-factor authentication (MFA) on all financial accounts. Users should be careful for phishing attempts or social engineering that may use the stolen data.
