JSE-Listed Insurer Momentum Metropolitan Hit With Data Breach

Momentum Metropolitan said it has alerted the authorities and investigations are ongoing.

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Momentum
Momentum

Momentum Metropolitan, a JSE-listed insurer, has told customers it was hit by a data breach.

The insurer informed investors on Monday morning that a third party ‘unlawfully accessed’ a limited portion of data of a subsidiary of the group.

The company said it became aware of a data breach on its network on Thursday 13 August 2020 and immediately activated its IT security incident plan, which included the implementation of additional systems monitoring and the reinforcement of its IT security.

“The group’s IT teams have been working non-stop to ensure that service to clients remains unaffected,” said Momentum Metropolitan.

“In conjunction with cyber forensic partners, the group has done extensive investigations into the nature and extent of the breach.

“Based on the investigation to date, the Group confirms that information accessed does not contain any client or member data. Information accessed contains administrative and financial data that is not expected to prejudice any stakeholders of the group.”

Momentum Metropolitan said it has alerted the authorities and investigations are ongoing.

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