Popular among fintech startups, Evolve Bank and Trust, said on Wednesday.
That it had been the target of a cyberattack and data breach that might have also impacted its partner businesses.
Evolve Bank an Trusted Startups
In a statement, the business stated that; “the data and personal information of some Evolve retail bank customers and financial technology partners’ customers” were involved.
Chief of Evolve’s Communications
Thomas Holmes, the chief of Evolve’s communications, told that “a known cybercriminal organisation” is involved in the incident.
Holmes stated, “It looks these bad actors have released illegally obtained data, on the dark web,” without providing any other details.
LockBit Group
The infamous ransomware group LockBit seems to have been the culprit for the hack; on their dark web leak website, they uploaded data purportedly taken from Evolve.
On its website, Evolve features a number of businesses as partners. Who rely on the massive banking institution to provide some of their lending and financial services.
Effects Of Evolve Breach
Affirm was contacted, Airwallex, Alloy, Bond, Branch, Dave, EarnIn, Marqeta, Mastercard, Melio, Mercury, PrizePool, Step, Stripe, TabaPay, and Visa. In order to learn more about the effects of the Evolve breach on these businesses.
It was informed spokesman Matt Gross.
That the business is looking into the situation and that it “will communicate directly with any impacted consumers as we learn more.”
Affirm Notified Its Clientele
They also notified its clientele, stating that the Evolve hack “may have compromised some data and personal information” of Affirm clients.
Additionally, the business stated that using its card and Money Accounts is safe. And that it is still investigating the impact of the attack.
According to EarnIn representative Stephanie Borman, the business is “aware of this incident and monitoring it closely.”
It was informed by Marqeta representative Kelly Kraft. That the organisation is aware of the security incident and that “Evolve supports a small part of our overall business.”
“Our customers affected by this incident have been notified,
And we are working closely with Evolve to understand their remediation effort and how our mutual customers may be impacted,” Kraft said in an email.
CEO Matan Bar
Melio is aware of the breach and is “diligently working with them to determine if Melio or any of our customers were impacted by it,” according to co-founder and CEO Matan Bar.
As we find out more, we will notify our consumers of any pertinent information. Melio’s operations have not been affected by this incident in any way.
Finance Startup Mercury
The finance startup Mercury, another partner of Evolve, stated on X that records related to the company were affected by the Evolve breach, “including some account numbers, deposit balances, business owner names, and emails.”
The full impact of the Evolve hack on “some Evolve retail bank customers and financial technology partners’ customers,” as the company described it, will probably become clearer as more impacted businesses come forward.
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