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TechCrunch
a minute ago
- TechCrunch
Allianz Life says ‘majority' of customers' personal data stolen in cyberattack
U.S. insurance giant Allianz Life has confirmed to TechCrunch that hackers stole the personal information of the 'majority' of its customers, financial professionals, and employees during a mid-July data breach. The company disclosed the data breach on Saturday in a legally required filing with Maine's attorney general, but did not immediately provide a number of how many Allianz Life customers are affected. Its parent company, Allianz, has more than 125 million private and corporate customers worldwide, according to its website. When reached by TechCrunch, Allianz Life spokesperson Brett Weinberg confirmed the breach. 'On July 16, 2025, a malicious threat actor gained access to a third-party, cloud-based CRM system used by Allianz Life,' referring to a customer relationship management (CRM) database containing information on its customers. 'The threat actor was able to obtain personally identifiable data related to the majority of Allianz Life's customers, financial professionals, and select Allianz Life employees, using a social engineering technique,' the spokesperson said. Allianz Life said it notified the FBI, and added it had 'no evidence' that any other systems on its network were compromised. The insurance giant would not say if it had received any communication from the hackers, such as a ransom note. The company also would not attribute the breach to a hacking group. Allianz Life is the latest company in the past month to have been hacked during a wave of data breaches targeting the wider insurance industry, including Aflac, a major provider of supplementary health insurance. Security researchers at Google said in June that they were 'aware of multiple intrusions' across the insurance sector attributed to Scattered Spider, a collective of hackers and techniques that rely on social engineering techniques, such as deceptively calling and tricking helpdesks into granting them access to a company's network. Prior to targeting insurance companies, the Scattered Spider hackers were seen targeting the U.K. retail industry, as well as the aviation and transportation sectors, and are historically known for hacks targeting Silicon Valley technology giants. Per the Maine filing, Allianz plans to begin notifying affected individuals around August 1. Do you know more about the Allianz Life cyberattack? Are you an affected customer or employee? Securely contact this reporter via encrypted message at zackwhittaker.1337 on Signal.
Yahoo
30 minutes ago
- Yahoo
Sonic Automotive Second Quarter 2025 Earnings: EPS Misses Expectations
Sonic Automotive (NYSE:SAH) Second Quarter 2025 Results Key Financial Results Revenue: US$3.66b (up 5.9% from 2Q 2024). Net loss: US$45.6m (down by 211% from US$41.2m profit in 2Q 2024). US$1.34 loss per share (down from US$1.21 profit in 2Q 2024). AI is about to change healthcare. These 20 stocks are working on everything from early diagnostics to drug discovery. The best part - they are all under $10bn in marketcap - there is still time to get in early. All figures shown in the chart above are for the trailing 12 month (TTM) period Sonic Automotive EPS Misses Expectations Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates. Looking ahead, revenue is forecast to grow 6.2% p.a. on average during the next 3 years, compared to a 5.3% growth forecast for the Specialty Retail industry in the US. Performance of the American Specialty Retail industry. The company's shares are up 2.4% from a week ago. Risk Analysis You should learn about the 2 warning signs we've spotted with Sonic Automotive (including 1 which is concerning). Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
Yahoo
30 minutes ago
- Yahoo
CTS Second Quarter 2025 Earnings: Beats Expectations
CTS (NYSE:CTS) Second Quarter 2025 Results Key Financial Results Revenue: US$135.3m (up 4.0% from 2Q 2024). Net income: US$18.5m (up 26% from 2Q 2024). Profit margin: 14% (up from 11% in 2Q 2024). The increase in margin was driven by higher revenue. EPS: US$0.62 (up from US$0.48 in 2Q 2024). Trump has pledged to "unleash" American oil and gas and these 15 US stocks have developments that are poised to benefit. All figures shown in the chart above are for the trailing 12 month (TTM) period CTS Revenues and Earnings Beat Expectations Revenue exceeded analyst estimates by 2.0%. Earnings per share (EPS) also surpassed analyst estimates by 13%. Looking ahead, revenue is forecast to grow 6.2% p.a. on average during the next 2 years, compared to a 7.9% growth forecast for the Electronic industry in the US. Performance of the American Electronic industry. The company's share price is broadly unchanged from a week ago. Balance Sheet Analysis While earnings are important, another area to consider is the balance sheet. We have a graphic representation of CTS' balance sheet and an in-depth analysis of the company's financial position. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Sign in to access your portfolio
