Arkansas-based Evolve Bank confirms cyber attack and data breach

Reported 9 months ago

Evolve Bank and Trust in Arkansas confirmed being targeted in a cyber attack with customers' data illegally released on the dark web. A cybersecurity incident involving account numbers and deposit balances was reported by a cybercrime group. The bank has engaged law enforcement for investigation and response, offering impacted customers free credit monitoring with identity theft protection. The U.S. Federal Reserve previously directed Evolve to enhance risk management programs related to fintech partnerships and anti-money laundering regulations.

Source: YAHOO

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