New Delhi, Oct. 16 -- Up to 1.6 million individuals who had invested their money in insurance and retirement funds had their personal details leaked due to a cyberattack that occurred somewhere between May 13 and June 17, 2024.

Landmark Admin, the firm handling the retirement and insurance plans of these people on behalf of six insurance companies, has decided to settle the suit filed against it for breach of privacy by paying $6 million.

The class action lawsuit against Landmark Admin named six insurance companies as defendants, as per The Sun.

These companies are: American Benefit Life Insurance Company, American Monumental Life Insurance Company, Capitol Life Insurance Company, Continental Mutual Insurance Company, Liberty Bankers L...