VALIC Data Breach

Understanding the VALIC Data Breach

Recently, The Variable Annuity Life Insurance Company (VALIC), a subsidiary of Corebridge Financial, Inc., experienced a data breach that may affect many individuals. VALIC, a company in the financial services industry, is known for its insurance and investment products. The breach involved unauthorized access to personal information, including names, addresses, and contract numbers.

The incident occurred on March 8, 2024, and was promptly addressed by VALIC. Although the unauthorized access was terminated, the implications of such a breach can be far-reaching. VALIC has taken steps to inform affected individuals and has provided guidance on how to protect their personal information.

Immediate Steps to Take

If you believe you may have been affected by this breach, there are several measures you can take to safeguard your identity and credit:

1. Review Your Account Statements: Carefully monitor your financial accounts for any unauthorized activity. If you notice anything suspicious, report it immediately to your financial institution.

1. Obtain a Credit Report: It's advisable to check your credit reports for discrepancies. You can request free credit reports from major credit bureaus annually.

1. Consider a Security Freeze: Placing a security freeze on your credit reports can prevent credit, loans, and services from being approved in your name without your consent.

1. Stay Vigilant: Be on the lookout for phishing attempts or scam calls that may use your personal information. Do not provide personal details to unsolicited requests.

How to Place a Security Freeze

To place a security freeze on your credit reports, contact each of the three major consumer reporting agencies:

• Equifax
• Experian
• TransUnion

You will need to provide some personal information, such as your full name, Social Security Number, and date of birth. There is no charge for placing, lifting, or removing a security freeze under federal law.

Additional Resources

For more information on identity theft, fraud alerts, and protecting your personal information, you can reach out to the Federal Trade Commission or your state attorney general's office. They offer resources and guidance on how to respond to data breaches and identity theft.

Contacting VALIC

If you have further questions or need assistance, VALIC has provided a contact number for inquiries: (713) 831-6371. Melissa H. Cozart, Vice President and Chief Privacy Officer at Corebridge Financial, Inc., has signed the notice to consumers, ensuring that the company is addressing the breach with the seriousness it deserves.

Final Thoughts

Data breaches can be unsettling, but by taking prompt and informed action, you can protect your personal information from further risk. Stay informed, monitor your accounts, and don't hesitate to use the resources available to you. For more details on the breach and VALIC's response, you can view the full disclosure on the Massachusetts Attorney General's website.