Prudential Confirms February 2024 Cyberattack and Investigates Possible Data Breach

Console and Associates, P.C.

On February 12, 2024, Prudential Financial, Inc. (“Prudential”) filed a notice with the Securities & Exchange Commission describing a recent cyberattack that may have compromised sensitive information belonging to employees and contractors. In this notice, Prudential explains that it fully completed its investigation, but that it doesn’t believe any consumer data was leaked. If Prudential determines that employee or contractor information was leaked as a result of the incident, it will be required to send data breach notification letters to all individuals whose information was affected.

If you receive a data breach notification from Prudential Financial, Inc., it is essential you understand what is at risk and what you can do about it. A data breach lawyer can help you learn more about how to protect yourself from becoming a victim of fraud or identity theft, as well as discuss your legal options following a possible Prudential data breach. For more information, please see our recent piece on the topic here.

Was There a Recent Prudential Data Breach?

The Prudential cyberattack was only recently announced, and more information is expected in the near future. That being the case, it is too soon to determine whether there was a Prudential data breach. However, Prudential’s filing with the Securities & Exchange Commission provides some important information on what led up to the incident.

According to this source, on February 5, 2024, Prudential learned that an unauthorized party was able to access portions of its computer network on February 4, 2024. In response, Prudential secured its systems, notified law enforcement, and then enlisted the help of external cybersecurity experts, to investigate, contain, and remediate the incident. So far, Prudential does not believe that any customer data was leaked as a result of the incident.

On February 12, 2024, Prudential filed notice of the incident with the Securities & Exchange Commission. However, the company’s investigation is ongoing. If Prudential determines that confidential information belonging to employees or contractors was exposed to unauthorized access, it will be required under federal law to send out data breach letters to anyone who was affected by the recent data security incident. These letters should provide victims with a list of what information belonging to them was compromised.

More Information About Prudential Financial, Inc.

Prudential Financial, Inc. is a financial services company based in Newark, New Jersey. Prudential provides retail and institutional clients with a range of services, including insurance, retirement planning, investment management and more. Prudential manages approximately $1.377 trillion in assets as of December 31, 2022. Prudential Insurance employs more than 39,000 people and generates approximately $54 billion in annual revenue.

DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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