2024-10-17
Globe Life Says Threat Actor is Attempting to Extort Funds Following Data Breach
In an October 17 filing with the US Securities and Exchange Commission, Texas-based insurance company Globe Life disclosed that 'an unknown threat actor' contacted them, demanding payment in exchange for not releasing customer data. Globe Life believes the data Òcan be traced to the Company's subsidiary, American Income Life Insurance Company.'
Editor's Note
Most likely a ransomware attack on the subsidiary company. This reinforces the need for the parent, Globe Life in this case, to enforce and monitor a cybersecurity program across the entirety of the company and its subsidiaries. The cyber incident only adds fuel to the fire on lack of management controls.

Curtis Dukes
The threat actor is releasing personal and health data to short sellers and plaintiffs' attorneys in an attempt to impact claims and policies, rather than executing a traditional ransomware or extortion attack. This follows reports in June of improperly implemented access controls which would allow access to sensitive data; Globe Life is not commenting on their possible connection. Names, email addresses, phone numbers, addresses, SSNs and heath data were stolen, but no financial information was exfiltrated.
