• NAIC confirmed a cyberattack exploiting an Oracle PeopleSoft zero‑day, with ShinyHunters claiming theft of 3.1TB of data
• Stolen cache allegedly includes insurer filings, credit rating files, AWS logs, configs, and PII; NAIC says only financial reports and technical data were taken
• Incident spotted June 11, disclosed June 17; files leaked online suggest NAIC did not pay ransom, as ShinyHunters continues exploiting the zero‑day across 100+ organizations

The National Association of Insurance Commissioners (NAIC) confirmed suffering a cyberattack that resulted in the stolen data being leaked on the dark web. While the company did not name the group responsible, or mentioned the size of the stolen cache, the infamous ShinyHunters claimed responsibility and stated they snatched around 3.1TB of information.

In a security notice published on the NAIC website, it was explained that the attackers managed to exploit a zero-day vulnerability in Oracle PeopleSoft. This is an enterprise resource planning (ERP) software suite, designed to help businesses manage employees, finances, supply chains, and more. Citing Google Mandiant, Cybernews says ShinyHunters first started exploiting the zero-day on May 27, and managed to compromise more than 100 organizations and 300 individuals, before Oracle finally pushed an emergency update on June 10.

Among the victims, as we now know, is NAIC, whose PeopleSoft environment was compromised, and used to obtain credentials and move laterally to internal data storage locations.

ShinyHunters step forward

Based on NAIC’s investigation, the stolen information includes publicly available statutory financial reports, insurer investment credit rating data, and some technical information such as outdated logs and configuration files. There is no evidence that personal information, banking information, or payment data was accessed, it said.

NAIC spotted the attack on June 11 and immediately launched its incident response protocol, which includes notifying law enforcement, blocking malicious actors, and bringing in third-party security experts. The Commission disclosed the incident on June 17, a day before ShinyHunters went public.

The notorious ransomware gang claims to have taken more than 264,000 insurer regulatory filing documents, 2,000 customer and bulk orders containing personally identifiable information, some 45,000 files from major credit rating agencies, statutory annual and quarterly financial statements submitted by insurers, production AWS infrastructure logs, cloud configuration files, and workload automation data, and SQL scripts.

Since the files were seemingly leaked online, it’s safe to assume that NAIC did not (want to) pay the ransom demand.

Via Cybernews

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Sead is a seasoned freelance journalist based in Sarajevo, Bosnia and Herzegovina. He writes about IT (cloud, IoT, 5G, VPN) and cybersecurity (ransomware, data breaches, laws and regulations). In his career, spanning more than a decade, he’s written for numerous media outlets, including Al Jazeera Balkans. He’s also held several modules on content writing for Represent Communications.