MutualFundWire.com: An ETF Shop's Parent Clarifies the Size of a July Breach

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Thursday, October 2, 2025

An ETF Shop's Parent Clarifies the Size of a July Breach

The team at a multinational insurer's U.S. arm, one with its own ETF business, is disclosing the number of individuals affected by a cybersecurity incident breach over the summer.

On Tuesday (September 30), the folks at Allianz Life Insurance Company of North America (parent of Allianz Investment Management) informed the Office of the Maine Attorney General that 1,497,036 individuals (including 7,402 Mainers) were affected by a data breach that occurred on July 16. As previously reported, the Allianz Life team initially reported the breach to the Maine AG's office less than two weeks after the incident.

Alexander Sutherland, attorney at Eversheds Sutherland and outside counsel to Allianz Life, forwarded inquiries to the insurer.

When asked for an update on the data breach effects on the firm's ETF business from Allianz Life's AllianzIM, an Allianz Life spokesperson writes that the insurer "has completed its notification to individuals who were potentially impacted by the July 16, 2025, data incident":

As a next step in this process, Allianz Life has begun updating its regulatory filings to inform states of the number of individuals potentially affected, based on its thorough review. Allianz Life US believes the July 16, 2025, data incident potentially affected approximately 1.5M Allianz Life customers, financial professionals, and select Allianz Life employees. As stated initially, there is no evidence the Allianz Life network or other company systems were accessed, including our policy administration system. This incident remains limited to Allianz Life in the US only.