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Talcott Resolution Life and Annuity Insurance

Aliases: 2 aliases
Primary URL Location Industry
www[.]talcottresolution[.]com
Country United States of America
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Financial Services
Profile

Talcott Resolution Life and Annuity Insurance, also known as Talcott Resolution, is a United States-based insurance company specializing in life insurance and annuity products. The organization serves policyholders, agents, and beneficiaries, managing sensitive personal and financial information as part of its core operations. Its headquarters are located in the United States, and it operates within the life insurance sector, adhering to state and federal insurance regulations. The company's services include providing life insurance coverage and annuity contracts. The 2023 data breach impacted over 37,500 Delaware residents, demonstrating a significant customer base in that state and confirming the volume of personal data it handles.

The organization's operational scale and regulatory context are highlighted by the May 2023 data breach incidents. Talcott Resolution was impacted by a supply chain attack exploiting vulnerabilities in the MOVEit file transfer system used by a third-party vendor. This incident compromised the personal data of over 37,500 Delaware residents, including policyholders, agents, and beneficiaries. The breach necessitated compliance with Delaware state law, requiring the insurer to offer credit monitoring services and information on credit freezes to affected individuals. Additionally, the broader Clop ransomware campaign, which targeted multiple organizations via the same MOVEit vulnerability, involved a federal investigation and widespread breach notifications. These events underscore Talcott Resolution's reliance on external technology vendors and its obligations under data protection and insurance regulations. The company's handling of the incident, including cooperation with the Delaware Department of Insurance, reflects its position within a supervised industry where consumer data protection is a critical compliance area. No information is available regarding ownership structure, parent companies, or subsidiary relationships.

Incidents
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1 incident