Allianz Life, the insurance arm of global financial services giant Allianz Group, has confirmed a major data breach. The personal data of its 1.4 million U.S. customers has been compromised.

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A majority of Allianz Life's 1.4 million US customers had their personal data stolen in cyber-attack. Here's what you need to know.

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Don't be lulled into a false sense of comfort that your firm (or your clients) are too small or too large to be attacked.