Allianz Life has revealed that a recent cyberattack resulted in the data of the vast majority of its customers in the U.S. being compromised. This revelation was contained in the company’s filing to Maine’s attorney general.
For firms like Berkshire Hathaway Inc. (NYSE: BRK.A) (NYSE: BRK.B) that have considerable investments in the insurance industry, the attack on Allianz may be of great concern since such breaches could jeopardize the stability of the affected business. This is because the industry is sensitive to public…
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