Wise Investigates Customer Data Exposure Linked to Evolve Bank Hack
Hey FinTech Fanatic!
Wise, a FInTech company, revealed that some customer data may have been compromised in the recent Evolve Bank and Trust data breach. Wise collaborated with Evolve from 2020 to 2023 to provide USD account details.
Following Evolve's breach, Wise announced that personal information, including names, addresses, birth dates, contact details, and Social Security numbers, might be affected. Non-U.S. customers’ identity document numbers could also be involved.
Wise is currently investigating and plans to notify affected customers directly. The company emphasized that its own systems remain secure.
The breach at Evolve, caused by a LockBit ransomware attack, has also affected partners like Affirm, EarnIn, Marqeta, Melio, and Mercury. Evolve is actively addressing the incident and promises further updates.
If you want to know all about this cyber attack, I highly recommend following Jason Mikula for the latest news updates.
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Passionate about Purpose in Payments
4 个月Evolve Bank & Trust?are a US based entity. Be good to know whether any EU or UK citizens were affected. Understanding more on the transaction flows for cross border, there is little reason for this level of personal data exposure. Marcel, would be really interesting to double click on this with a flow of how this occurred. BRCs don't cover this, ICO Guidance wouldn't authorise, and the US is outside of the UK's Adequacy Provisions due to the non-adoption of GDPR or similar standards.
Head of Digital Financial Services at Finance House | Fintech Strategy Expert | ePayment & Open Banking Pioneer | Driving Digital Transformation & Market Expansion
4 个月The introduction of UPI QR payments in the UAE and MUFG's investment in Ascend Money reflect growing interest in super apps Thanks for sharing, Marcel
TV production specialist,Journalist, Multimedial communicationer
4 个月Good to know!
Passionate Payment Strategist | Driving Digital Success for Clients
4 个月The Wise data exposure is definitely a concern for many, and it's fascinating to see UPI QR payments expanding to the UAE. MUFG's investment in Ascend Money signals exciting growth in the Thai fintech landscape.