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Forbes
26 minutes ago
- Forbes
Allianz Data Breach Exposes Vulnerabilities Affecting Everyone
Data breaches are an unfortunate fact of life for all of us and can readily lead to identity theft and other harm. Last year alone there were 5.5 billion user accounts compromised worldwide by data breaches, an 800% increase over 2024 and 2025 appears to be on its way to a record number of data breaches. Allianz Life, a major insurance company suffered a data breach on July 16th due to a supply chain attack, which occurs when cybercriminals target a company used by their real target to steal information. In this case the cybercriminals used social engineering tactics to steal personal information of Allianz Life customers, financial professionals and employees through a cloud-based customer relationship management (CRM) system used by Allianz. In the United States alone, Alianz Life has 1.4 million customers. The compromised data included names, addresses, birth dates, Social Security numbers, contact details, insurance policy information, and possibly other sensitive financial data. In this particular data breach the hacker posed as an IT helpdesk employee and managed to convince employees of Allianz to authorize access to its Salesforce CRM system enabling access to the Salesforce Data Loader tool which allows the transfer of bulk data. While Allianz has indicated that its own computer systems were not hacked, that is of no consolation to the victims of this data breach as the personal information its customers and others had provided to Allianz was still readily compromised. Today many, if not most, companies use and rely on cloud services, vendors and other external partners to manage their data and operations leaving customers' data vulnerable when their employees are manipulated through social engineering. Using social engineering to attack companies does not require sophisticated technological knowledge to create malware to achieve a data breach, but rather merely requires the use of psychology to convince employees at the targeted companies to open the door to their data. So what can companies do to combat this threat? Cybersecurity is often seen as a purely technical matter when it should also incorporate the vulnerable human elements through continuing cybersecurity awareness programs. In addition, companies should institute a zero trust policy where all access should be verified and sensitive data encrypted. Dual factor authentication should also be required for access to sensitive systems so that even if passwords are managed to be stolen, the data will still be protected. Finally, AI tools can be used to recognize and block unusual behavior. What can we do to protect ourselves from data breaches? Limiting the amount of personal information you provide to any company is important, but many companies and government agencies have a need for sensitive personal information. Freezing your credit is something everyone should do. It is free and easy to do. It protects you from someone using your identity to obtain loans or make large purchases even if they have your Social Security number. If you have not already done so, put a credit freeze on your credit reports at all of the major credit reporting agencies. Here are links to each of them with instructions about how to get a credit freeze: Experian Equifax TransUnion Everyone also should monitor their credit reports regularly for indications of identity theft. Some scammers have websites that appear to offer "free" credit reports, but if you read the fine print, you often may find that you have signed up for unnecessary services. The three major credit reporting agencies now provide free weekly access to your credit reports so you can monitor your credit reports easily on your own. Here is the only link to use to get your free credit reports. Finally, be wary of anyone who calls you purporting to help you in regard to any data breach who asks for personal information in regard to a data breach as that is a favorite tactic of identity thieves to lure you into providing additional personal information that can lead to your becoming a victim of identity theft. Also, as always, never click on a link or download an attachment to an email or text message unless you have absolutely confirmed that it is legitimate and don't provide personal information in response to an email, text message or phone call unless you have absolutely confirmed that the communication was legitimate.
Yahoo
36 minutes ago
- Yahoo
Newmont (NEM) Surges 36% Over Last Quarter Following Strong Q2 2025 Earnings
Newmont recently announced its second quarter 2025 results, revealing a substantial increase in sales and net income compared to the prior year. The company also declared a quarterly dividend, authorized a significant share repurchase program, and completed a lease renewal in Ghana. Despite a decline in gold production, these developments likely bolstered investor confidence, contributing to the company's 36% share price increase over the last quarter. This upward movement aligns broadly with the market's positive trend, which included record highs in the Nasdaq and increased overall investor optimism amidst additional stock buyback activity and dividends within the sector. Every company has risks, and we've spotted 1 warning sign for Newmont you should know about. Diversify your portfolio with solid dividend payers offering reliable income streams to weather potential market turbulence. With Newmont's latest results showing a boost in sales and net income, the company's operational and strategic developments could reinforce its current narrative of resilience, focusing on gold demand and asset synergies. However, despite a recent uptick in its share price—36% this past quarter—the stock has achieved a total shareholder return of 63.75% over the past three years. This long-term performance reflects a complex mix of operational efficiency and market conditions, aligning with the company's efforts to maintain stability amidst fluctuating gold production rates. Over the last year, Newmont's performance has outpaced the broader US Metals and Mining industry, which returned 24.1%. This indicates a strong relative positioning, likely aided by the company's proactive engagement in shareholder returns through dividends and share repurchase programs. As for revenue and earnings forecasts, the recent lease renewal in Ghana and other long-term initiatives might offer sustained revenue support, though the decline in gold production introduces a risk to achieving the expected 1.6% annual revenue growth over the next three years. Currently trading at US$68.98, Newmont's share price aligns closely with the consensus price target of US$70.36, suggesting the market views the stock as fairly priced given current conditions. The modest price differential indicates skepticism about substantial immediate upside but acknowledges the potential for incremental value in alignment with forecasted earnings of US$6.3 billion by 2028. As such, the current developments signal a stable, though cautious, investor sentiment focused on sustainable growth. Unlock comprehensive insights into our analysis of Newmont stock in this financial health report. This 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. Companies discussed in this article include NEM. This article was originally published by Simply Wall St. Have feedback on this article? Concerned about the content? with us directly. Alternatively, email editorial-team@ Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
2 hours ago
- Yahoo
Dave Ramsey ranted about 3 'illogical' money mistakes Americans make that 'baffle' him — here's how you can avoid them
Moneywise and Yahoo Finance LLC may earn commission or revenue through links in the content below. Across 32 years of giving people financial advice on the airwaves, Dave Ramsey has probably seen it all. But on an episode of "The Ramsey Show" earlier this year, he called out financial mistakes callers frequently make as 'Dumb! Really dumb!' He added: 'These things baffle me, that's why I'm hitting them,' he said. 'Because they're just illogical.' However, some argue that economic and social trends may have made some of these mistakes unavoidable. Here's a closer look at three of Ramsey's top 'dumb' money mistakes and why they're so common. Don't miss Thanks to Jeff Bezos, you can now become a landlord for as little as $100 — and no, you don't have to deal with tenants or fix freezers. Here's how I'm 49 years old and have nothing saved for retirement — what should I do? Don't panic. Here are 6 of the easiest ways you can catch up (and fast) Robert Kiyosaki warns of a 'Greater Depression' coming to the US — with millions of Americans going poor. But he says these 2 'easy-money' assets will bring in 'great wealth'. How to get in now 1. Co-buying property Ramsey despises the prospect of buying property with anyone besides a spouse. He advises against this even in long-term relationships. This advice is rooted in the fact that separating assets between an unmarried couple can be complicated. They do not always share the same property rights as married couples. However, the housing crisis has pushed more people to consider co-ownership of property. A report by Co-Buy, a platform that helps multiple buyers share a property, says 26.7% of home purchases in 2023 were co-purchases, while 30% of those co-purchases were completed by unmarried couples. If you're not in a position to purchase a home — whether on your own or with a spouse — you can still take advantage of real estate's income-generating potential. You can tap into this market by investing in shares of vacation homes or rental properties through Arrived. Backed by world-class investors including Jeff Bezos, Arrived allows you to invest in shares of vacation and rental properties, earning a passive income stream without the extra work that comes with being a landlord of your own rental property. To get started, simply browse through their selection of vetted properties, each picked for their potential appreciation and income generation. Once you choose a property, you can start investing with as little as $100, potentially earning quarterly dividends. Stay in the know. Join 200,000+ readers and get the best of Moneywise sent straight to your inbox every week for free. 2. Wasteful spending on education Investing in your education, Ramsey believes, should yield higher earnings. Otherwise it's a wasted pursuit. "Don't spend $250,000 getting a master's degree in sociology so you can be a caseworker for the state making $38,000," he said. He believes students should realistically consider their career prospects and future earnings before going into debt for college. You can also minimize the impact of paying for education by saving up for it ahead of time — whether for yourself or for your children — by using a high interest savings vehicle such as a certificate of deposit or other high-yield savings account. A certificate of deposit (CD) pays a fixed interest rate on money held for a set period of time. CD rates are usually higher than other savings accounts, but if you withdraw your CD funds early, you'll be charged a penalty fee. But since this is a long-term savings play for your or your kid's education, they are a strong option you'll be less tempted to dip into. One thing to note about CDs: If you withdraw the money before the end of the term, you're likely to face penalty fees. For those who already have student debt, it can be a daunting task to tackle it. Americans are collectively sitting on $1.6 trillion in student loan debt. If you're in this boat, it is possible to make that debt pile more surmountable by refinancing your student loans. Through Credible — an online marketplace of vetted lenders — you can browse the best personal loan rates for you and opt to consolidate your student debt. With interest rates as low as 3.85% and repayment schedules ranging from 24 to 84 months, you've got time and flexibility. 3. Upgrading cars Ramsey says a totaled car is not a reason to upgrade. 'You were driving a $6,000 car,' he said. 'Your car gets totaled, you get a check for $6,000 and, suddenly, $6,000 cars aren't good enough for you. That's dumb!' However, the high cost of vehicles could make this financial error difficult to avoid. The average cost of a new car in May was $48,389, according to the Kelley Blue Book, while the average used-car listing price was $25,670. If the cost of a new or used car has you worried, you can save on auto expenses by finding better car insurance rates using OfficialCarInsurance. Simply fill in a bit of information about yourself and OfficialCarInsurance will generate a list of the most affordable car insurance options near you so you can ensure you're getting the lowest price for the coverage you need. What to read next Want an extra $1,300,000 when you retire? Dave Ramsey says this 7-step plan 'works every single time' to kill debt, get rich in America — and that 'anyone' can do it Here are 5 simple ways to grow rich with real estate if you don't want to play landlord. And you can even start with as little as $10 Rich, young Americans are ditching the stormy stock market — here are the alternative assets they're banking on instead Here are 5 'must have' items that Americans (almost) always overpay for — and very quickly regret. How many are hurting you? This article provides information only and should not be construed as advice. It is provided without warranty of any kind. Sign in to access your portfolio
