2021-02-01 Metromile, LLC Cybersecurity Incident

Page last updated on April 11, 2024

Metromile, LLC initially disclosed a cybersecurity incident in an SEC 8-K filing on 2021-02-01 16:32:36 EST.

Incident Details

Material: Unknown
Is Breach: Unknown
Records Compromised: Unknown
Data Types Impacted: No Data Types Tracked (yet)

Compromised Date:
Detected Date: 2021-01-19
Disclosure Date: 2021-02-01
Contained Date:
Recovered Date:

Attack Goal: Unknown

Costs: No Costs Tracked (yet)

Filings

8-K filed on 2021-02-01

Metromile, LLC filed an 8-K at 2021-02-01 16:32:36 EST
Accession Number: 0001213900-21-005784

Item 8.01 Other Events.

As previously announced, on November 24, 2020, INSU Acquisition Corp. II (the “Company”) entered into an Agreement and Plan of Merger and Reorganization (as amended, the “Merger Agreement”) by and among the Company, INSU II Merger Sub Corp. (“Merger Sub”), and MetroMile, Inc. (“Metromile”), which provides for, among other things, Merger Sub to be merged with and into Metromile with Metromile being the surviving corporation in the merger and a wholly owned subsidiary of the Company (the “Merger” and together with the other transactions contemplated by the Merger Agreement, the “Transactions”). As a result of the Transactions, Metromile and its various operating subsidiaries will become subsidiaries of the Company, with the former stockholders of Metromile becoming stockholders of the Company.

On January 19, 2021, Metromile discovered a cybersecurity incident arising out of a software bug related to its online pre-filled quote form and application process. Based on its initial investigation, Metromile determined that unknown persons exploited the software bug to obtain personal information of certain individuals, including individuals’ driver’s license numbers, but, at this time, no customer data has been compromised. Metromile immediately took steps to contain and remediate the issue, including by releasing software fixes, notified its insurance carrier, and has continued its ongoing operations. Metromile is working diligently with security experts and legal counsel to ascertain how the incident occurred, identify additional containment and remediation measures, and notify affected individuals, law enforcement, and regulatory bodies, as appropriate.

Additional Information About the Transactions and Where to Find It

The Company has filed with the SEC a Registration Statement on Form S-4 in connection with the Transactions and has mailed a definitive proxy statement/prospectus and other relevant documents to its stockholders. The Company’s stockholders and other interested persons are advised to read the definitive proxy statement/prospectus in connection with the Company’s solicitation of proxies for its stockholders’ meeting to be held to approve the Transactions because the proxy statement/prospectus contains important information about the Company, Metromile and the Transactions. The definitive proxy statement/prospectus was mailed to stockholders of the Company as of December 30, 2020. Stockholders may also obtain copies of the Registration Statement on Form S-4 and the proxy statement/prospectus, without charge at the SEC’s website at www.sec.gov or by directing a request to: INSU Acquisition Corp. II, 2929 Arch Street, Suite 1703, Philadelphia, PA 19104, Attn: Joseph W. Pooler, Jr.

Participants in Solicitation

The Company, Metromile and certain of their directors and officers may be deemed participants in the solicitation of proxies of the Company’s stockholders with respect to the approval of the Transactions. Information regarding the Company’s directors and officers and a description of their interests in the Company is contained in the Company’s final prospectus relating to its initial public offering, which was filed with the SEC. Additional information regarding the participants in the proxy solicitation, including Metromile’s directors and officers, and a description of their direct and indirect interests, by security holdings or otherwise, is included in the Registration Statement on Form S-4 and the definitive proxy statement/prospectus for the Transactions. Each of these documents is available at the SEC’s website or by directing a request to the Company as described above under “Additional Information About the Transaction and Where to Find It.”

In connection with the Transactions, at any time prior to the special meeting to approve the Transactions, certain existing Company stockholders, which may include certain of the Company’s officers, directors and other affiliates, may enter into transactions with stockholders and other persons with respect to the Company’s securities to provide such investors or other persons with incentives in connection with the approval and consummation of the Transactions. While the exact nature of such incentives has not yet been determined, they might include, without limitation, arrangements to purchase shares from or sell shares to such investors and persons at nominal prices or prices other than fair market value. These stockholders will only effect such transactions when they are not then aware of any material nonpublic information regarding the Company, Metromile or their respective securities.

Company Information