Evolve Bank & Trust said this week that hackers accessed millions of customers’ personal data during a recent cyberattack.
The Memphis-based lender said in a filing with Maine’s attorney general on Monday that more than 7.6 million people were impacted in a February 9 breach organized by the Russian-linked criminal organization LockBit. Evolve discovered the data breach on May 29, according to the filing.
The company said that criminals likely downloaded information including names, Social Security numbers, bank account numbers, and contact information. Evolve employees’ personal information was also likely affected, it said in a press release on Monday. The company is still looking into what other personal information was affected, including information on its Business, Trust, and Mortgage customers.
“The security of our customers’, partners’ and employees’ information is a priority, and we are committed to supporting them through this process,” the press release states.
Evolve’s investigation determined that the hackers gained access to the system when an employee inadvertently clicked on a malicious internet link. The U.S. Federal Reserve said earlier this month that it ordered Evolve to strengthen its risk management programs.
Cyberattacks are on the rise this year. International Monetary Fund data published in April said that cyberattacks have more than doubled since the pandemic. Financial firms, it said, were uniquely exposed to cyber risk thanks to the large amounts of sensitive data they handle. “As attacks often emanate from outside a financial firm’s home country and proceeds can be routed across borders, international cooperation is imperative to address cyber risk successfully,” the report noted.
Evolve, founded in 1925, has a number of high-profile partnerships with fintechs, including Affirm, Mercury, and Marqeta.
Login to add comment
Other posts in this group
From family photos in the cloud to email archives and social media accounts, the digital lives of Americans are extensive and growing.
According to recent studies by the password managem
A dozen years after its launch, fintech company Chime rang the bell this morning at the Nasdaq MarketSite in Times Square to ce
It hits at a certain time in the afternoon, when a familiar craving strikes. You walk to the kitchen. The satisfying sound of a can cracking, the hiss of bubbles. It’s time for a “fridge cigarette
Many developers find that AI programming assistants have made writing code easier than ever. But maintaining the infrastructure that actually runs that code remains a challenge, requiring engineer
Fraudulent job applications have become a serious issue in the era of
With the first family actively engaged in memecoin ventures, speculation about the future of cryptocurrency has never been hotter. Laura Shin, crypto expert and host of the podcast Unchained
