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The National Insurance Board issued a public statement acknowledging a ransomware attack on the state agency’s digital infrastructure.
The NIB has issued no clarification of the scope of the attack and to what extent the services of the NIB will be affected as a result of the security breach. The NIB provides a range of services, including pension assessments and payments, death benefits and insurance to cover loss of earnings to an estimated 634,381 customers in Trinidad and Tobago.
The NIB was empowered by the proclamation of TT’s Act No. 35 of 1971. The state agency has been facing a growing imbalance between the revenue it brings in through employment contributions and the payments it is committed to pay to its insured customers. According to the NIBTT website, the agency’s chairman is Mervyn M. De Souza and its executive director is Lennox R.H. Paul.
In February 2022, the company told NewsdayTT that it was in the procurement phase of a planned digital transformation effort.
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