{"id":24805,"date":"2024-07-03T04:10:12","date_gmt":"2024-07-03T12:10:12","guid":{"rendered":"http:\/\/www.palada.net\/index.php\/2024\/07\/03\/news-18535\/"},"modified":"2024-07-03T04:10:12","modified_gmt":"2024-07-03T12:10:12","slug":"news-18535","status":"publish","type":"post","link":"https:\/\/www.palada.net\/index.php\/2024\/07\/03\/news-18535\/","title":{"rendered":"Affirm says Evolve Bank data breach also compromised some of its customers"},"content":{"rendered":"\n

‘Buy now, pay later’ payment specialist Affirm has warned that holders of its payment cards had their personal information exposed after a ransomware attack and data breach at Evolve Bank & Trust<\/a>.<\/p>\n

In a form 8-K<\/a>, submitted to the Securities and Exchange Commission (SEC), Affirm states:<\/p>\n

\n

\u201cBecause the Company [Affirm Holdings, Inc] shares the Personal Information of Affirm Card users with Evolve to facilitate the issuance and servicing of Affirm Cards, the Company believes that the Personal Information of Affirm Card users was compromised as part of Evolve\u2019s cybersecurity incident.\u201d<\/p>\n<\/blockquote>\n

According to Evolve<\/a>, the attack started after “an employee inadvertently clicked on a malicious internet link.\u201d Evolve refused to pay the ransom, and so the attackers leaked the data they downloaded.<\/p>\n

Affirm isn’t the only fintech company affected by the Evolve breach. Business bank Mercury also notified customers<\/a>\u00a0that the data stolen from Evolve Bank & Trust included some account numbers, deposit balances, business owner names, and emails associated with Mercury and other fintech accounts.<\/p>\n

\n

\u201cAffected Mercury customers have been notified of the breach and the preventative steps we are taking to keep customer funds secure.\u201d<\/p>\n<\/blockquote>\n

Money transfer service and payment platform builder Wise also published a statement on its website<\/a>, informing customers it had shared full names, addresses, contact details, Social Security numbers, and other sensitive information with Evolve as part of a partnership between 2020 and 2023.<\/p>\n

So, it\u2019s entirely possible that other financials may come forward with similar notifications. Reportedly<\/a>, Evolve has active partnerships with multiple fintech companies, including Shopify, Bilt, Plaid, and Stripe.<\/p>\n

Keep your eyes and ears open and be wary of phishing attempts related to these breaches.<\/p>\n

Protecting yourself after a data breach<\/h2>\n

There are some actions you can take if you are, or suspect you may have been, the victim of a data breach<\/a>.<\/p>\n