![]() On April 8, 2022, EMC National Life sent out data breach letters to all individuals whose information was compromised as a result of the recent data security incident. While the breached information varies depending on the individual, it may include your Social Security number, taxpayer identification numbers, driver’s license numbers, financial account information, payment card information, dates of birth, and medical information. On March 9, 2022, the investigation revealed that an unauthorized party was able to access, view, and acquire files containing identifiable personal information.Īfter learning that sensitive consumer data was accessible to an unauthorized party, EMC National Life then reviewed all affected files to determine what information was compromised and to whom it belonged to. EMC took the necessary steps to contain the incident and then launched an investigation with the assistance of third-party cybersecurity experts. What We Know About the EMC National Life Data BreachĪccording to official notice filed by the company, EMC National Life recently detected what the company thought to be unauthorized access to its network. To learn more about how to protect yourself from becoming a victim of fraud or identity theft and what your legal options are in the wake of the EMC National Life data breach, please see our recent piece on the topic here. If you received a data breach notification, it is essential you understand what is at risk and what you can do about it. On April 8, 2022, EMC National Life began sending out data breach letters to all affected parties at their last known address. According to the EMC National Life, the breach resulted in the full names, as well as one or more of the following being compromised: Social Security numbers, taxpayer identification numbers, driver’s license numbers, financial account information, payment card information, dates of birth, and medical information. The executive added that impacted team members will have the opportunity to interview for other EMC positions.In one of the larger data breaches in recent months, earlier this week EMC National Life Company reported that the company experienced a data breach impacting 288,288 individuals. This will be a gradual workforce reduction over time, beginning Jan 3 and continuing through 2023,” Jean said. “All impacted team members have been notified. In total, EMC has approximately 2,200 staff across the US, of which over 1,100 are based in Iowa. “This transition impacts approximately 65 team members, located across the US, who will receive severance packages and comprehensive career/placement services,” said Jean. “While an extremely difficult decision, EMC felt this move was necessary to position the company for the future and the achievement of its strategic plans and goals,” Jean stated. In its marketing materials, EMC Re describes itself as a market for local, regional, national and international ceding company clients, as well as a quoting market for US multiline XoL, property per risk XoL and casualty XoL. Of the 20 percent of written premium that supported international cedants, half of it was for property catastrophe business.Īs EMC president and CEO Scott Jean explained, the strategic decision to exit assumed reinsurance will see the business instead focus on its core insurance products which are distributed through independent agents, including commercial property/casualty lines and bonds, and life insurance written through affiliate EMC National Life Company. Four-fifths of its written premium supported domestic clients in 2021, and of that 31 percent came from facilities, while 23 percent was for multiline XoL business.
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