THE National Association of Insurance Commissioners (NAIC) is a key U.S. organization that sets standards for insurance regulation, governed by state insurance regulators. Recently, it faced a cyber attack by ShinyHunters who claimed to have leaked over 3.1 TB of sensitive data, including regulatory filings and customer records. Following the breach, credit rating agencies have halted data sharing, leading NAIC to suspend risk designations for insurers' investments. This suspension impacts the capital requirements for life insurers, potentially affecting their profit margins.
NAIC Hit by ShinyHunters Cyber Attack, Leaks 3.1 TB of Data
CyberSIXT Evidence Panel
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