Evolve Bank Confirms Large-scale Data Breach Due to LockBit Ransomware Attack

Tuesday, 9 July 2024, 12:59

In a recent cyber incident, Evolve Bank disclosed that a ransomware gang successfully breached the security, gaining access to personal information of over 7.6 million customers. The attack underscores the increasing threat of cybercrime to financial institutions and the urgent need for enhanced cybersecurity measures. The incident serves as a stark reminder of the critical importance of safeguarding sensitive customer data against malicious actors in the digital age.

TechCrunch — Evolve Bank Confirms Large-scale Data Breach Due to LockBit Ransomware Attack

Evolve Bank Data Breach: A Threat to Customer Security

In a concerning development, Evolve Bank has fallen victim to a large-scale data breach, impacting millions of customers. The breach occurred due to a ransomware attack by the notorious LockBit gang.

Key Points:

Scope: Personal data of over 7.6 million customers compromised
Attack Vector: Security breach attributed to LockBit ransomware
Implications: Highlight the growing threat of cybercrime targeting financial institutions

This breach serves as a pressing reminder of the critical need for robust cybersecurity measures to protect sensitive customer 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.

Evolve Bank Data Breach: A Threat to Customer Security

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