The California Public Employees Retirement System (CalPERS), the nation’s largest public pension fund and insurer, Genworth Financial, admitted that the personal information of millions of account holders was compromised in a major security breach.
A third-party file storage vendor, PBI Research Services, was attacked by Russian hackers after going through a loophole in its MOVEit Transfer software, who then stole the data from CalPERS and Genworth.
The cybercriminals were able to exploit a weakness in the system that contained the records of deceased CalPERS members.
MOVEit file storage software is popular with many organizations around the world to store and share sensitive data….