Ticker: Allianz Life confirms data breach; Meta to drop political ads in EU

Hackers gained access to personal content on the majority of the million customers of Allianz Life Insurance Company of North America the company proven over the weekend Minneapolis-based Allianz Life a subsidiary of Munich Germany-based Allianz SE announced the input breach happened on July when a malicious threat actor gained access to a third-party cloud-based system used by the company The threat actor was able to obtain personally identifiable evidence related to the majority of Allianz Life s customers financial professionals and select Allianz Life employees using a social engineering technique Allianz Life reported in a report We took immediate action to contain and mitigate the issue and notified the FBI Allianz Life commented its inspection is ongoing and that the company has begun reaching out to the impacted individuals It declared the happening involves only Allianz Life in the U S not other Allianz corporate entities Meta to drop political ads in EU Facebook and Instagram owner Meta revealed that it will stop all political advertising in the European Union by October blaming legal uncertainty over new rules designed to increase transparency in ballot campaigns The social media giant mentioned in a blog post that it will no longer allow ads for political electoral and social issues on its platforms which also include Threads starting in early October The company noted it was making the decision because of the -nation EU s unworkable Transparency and Targeting of Political Advertising regulations The rules introduce substantial operational challenges and legal uncertainties Meta noted