Bank of America Data Breach: What You Need to Know

Monday, 19 February 2024, 13:01
A recent data breach at Infosys McCamish Systems LLC has potentially exposed Bank of America customers' information, specifically those with 'deferred compensation plans'. The breach raises concerns about data security and customer privacy in the financial sector. Bank of America has been informed about the breach by IMS and is investigating the extent of the data leak.

Bank of America Data Breach

On Nov. 3, 2023, Infosys McCamish Systems LLC (IMS) experienced a security breach, revealing vulnerabilities in Bank of America's customer data protection.

Compromised Information

IMS notified Bank of America on Nov. 24, 2023, about the potential exposure of customers' data linked to 'deferred compensation plans'.

This breach underscores the critical need for robust cybersecurity measures in the financial industry to safeguard sensitive information.

This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.

Related posts

Newsletter

Get the most reliable and up-to-date financial news with our curated selections. Subscribe to our newsletter for convenient access and enhance your analytical work effortlessly.

Subscribe