tl;dr
Evolve Bank and Trust experienced a significant data breach, admitting to the theft of 33 terabytes of user data. The breach, linked to the Russian ransomware group Lockbit, compromised sensitive personal information, including names, addresses, social security numbers, and account balances of over ...
Evolve Bank and Trust experiences massive data breach involving theft of 33 terabytes of user data, potentially impacting over 155.5k accounts.
Cyberattack linked to Russian ransomware group Lockbit exposes sensitive customer information, including PII of Bitfinex users.
Evolve Bank delays notifying affected companies and users of breach, causing concern among fintech players and end users.
Evolve Bank and Trust experienced a significant data breach, admitting to the theft of 33 terabytes of user data. The breach, linked to the Russian ransomware group Lockbit, compromised sensitive personal information, including names, addresses, social security numbers, and account balances of over 155.5k accounts associated with companies like Bitfinex and Nomad. The incident, caused by an employee clicking a malicious link, was not disclosed to affected companies and users until it became public knowledge. The breach has prompted caution from fintech players associated with Evolve Bank and Trust.
Crypto-friendly financial institution Evolve Bank and Trust was embroiled in a massive data breach. The bank admitted it had been aware of the incident, which involved the theft of 33 terabytes of user data. While Evolve Bank maintained that customer funds appear to remain untouched, they admitted that the hackers likely managed to download sensitive customer information stored in the bank’s databases.
The cyberattack has been linked to the notorious Russian ransomware group Lockbit. Reports suggest that the personal information of Bitfinex users was among the stolen data. The stolen data from Evolve Bank reportedly contains sensitive personally identifiable information (PII), including names, addresses, social security and tax ID numbers, dates of birth, account balances, and email addresses. The information is said to be associated with over 155.5k accounts connected to different companies such as Bitfinex, Nomad, and Copper Banking.
In an official update on Monday, Evolve revealed that some of its systems malfunctioned due to “unauthorized activity” in late May. This was apparently caused by an employee clicking a malicious link unwittingly. The bank went on to assert that it halted the attack “within days” and observed no further unauthorized activity since May 31.
Evolve said that the threat actor encrypted some data within its environment but the platform managed to limit the loss as well as the impact on its operations due to the backups available. It also refused to pay the ransom and claimed that Lockbit mistakenly linked the data to the Federal Reserve.
Following this incident, several fintech players who have worked with the bank have cautioned their customers about potential data compromise connected to the breach. However, according to Fintech Business Weekly reporter Jason Mikula, Evolve is said to have delayed notifying affected fintech companies as well as end users until the breach became public knowledge last week.
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More about Rush Street Interactive Inc
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Rush Street Interactive Inc, Rush Street Interactive, Inc. is an online casino and sports betting company in the United States and Latin America. The company is headquartered in Chicago, Illinois.
Industry: TRADE & SERVICES
Sector: SERVICES-MISCELLANEOUS AMUSEMENT & RECREATION
Market Cap: 2129096000
Dividend Yield: None
Beta (5Y Monthly): None
PE Ratio (TTM): -0.17
EPS (TTM): 10.48
Earnings Date: -0.0158
Forward Dividend & Yield: 746228000, 10.03, 0
Ex-Dividend Date: 0.888
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More about Polaris Industries Inc
Polaris Industries Inc Summary
Polaris Inc. designs, manufactures, and markets motor sports vehicles worldwide. The company is headquartered in Medina, Minnesota.
Sector: Manufacturing
Industry: Miscellaneous Transportation Equipment
Market Cap: 4.29B
PE Ratio: 11.02
EPS: 2.61
ROI: 6.89%
Current Price: $150.53
Beta: 0.0459
Revenue: 8.576B
Operating Margin: 9.33%
Net Income Margin: -0.966%
Debt to Equity: -0.199