14 August 2023news

Vermont warns on data breach

The Vermont Department of Financial Regulation (VDFR) has announced that a large-scale data security breach has compromised the information of at least 43 companies regulated or doing business in the State.

In addition the personally identifiable information of roughly 42,000 Vermonters and over 38 million consumers nationwide has been compromised.

The breach occurred when the CLOP Ransomware Gang, a known threat actor, infiltrated the MOVEit file transfer software used by many organizations both public and private. The Department first issued a consumer alert about this breach on July 19, 2023.

As of this week, 43 companies, regulated by the VDFR or associated with a regulated entities’ data, have reported data breaches related to the MOVEit file transfer software. A full list of the affected companies is available from the VDFR.

New companies are reporting breaches weekly and this list is subject to change.

Many impacted entities were impacted through a third-party called PBI Research Services, (PBI). PBI provides third-party services to numerous insurance companies doing business in Vermont. For most companies impacted through their partnership with PBI, PBI has sent notices directly to impacted Vermonters.

In a statement the VDFR said: “If your information was compromised in the breach, you should receive a letter from PBI, or one of the entities listed above. That letter will provide additional information about the breach and detail what personal information was implicated. The letter also provides a code to sign up for identity and credit protection. For more information on the specifics of this breach, we encourage impacted consumers to reach out to PBI or one of the entities listed above.”


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23 February 2021   Phil Scott, the Governor of Vermont, has paid tribute to George Chaffee, the author of the state’s captive insurance legislation, after he passed away on February 6, 2021.
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20 January 2021   The State of Vermont licensed 38 new captive insurance companies in 2020, according to the Vermont Department of Economic Development, with 11 of those licenses issued in Q4 alone.

More on this story

article
23 February 2021   Phil Scott, the Governor of Vermont, has paid tribute to George Chaffee, the author of the state’s captive insurance legislation, after he passed away on February 6, 2021.
USA analysis
20 January 2021   The State of Vermont licensed 38 new captive insurance companies in 2020, according to the Vermont Department of Economic Development, with 11 of those licenses issued in Q4 alone.