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Read more: Fidelity Bitcoin ETP Approved for Trading on the London Stock Exchange
A recently disclosed Fidelity data breach is said to have taken place between August 17 and August 19, which has been divulged through some regulatory filings to the attorney generals of Maine, New Hampshire, and Massachusetts. The hacked information includes sensitive data like Social Security numbers and driver’s licenses.
The incident occurred when an unauthorized third party gained access to customer data by exploiting two newly created accounts. It remains unclear how such open access to customer data was granted to the external actor, but a second breach notification filed with New Hampshire authorities revealed other vulnerabilities.
The secondary breach included fraudulent access to an internal database containing document images related to customers. In this case, no customer accounts or funds were affected, with even then only limited data being accessed.
Fidelity’s regulatory filings indeed confirm that 77,099 customers were affected. The company investigated the breach with the help of external security experts and quickly shut down the underlying security loophole exploited in the breach.
The company offered credit monitoring and identity restoration services to the affected customers. Such risks could arise from unusual activities taking place in their investment accounts.
The Fidelity data breach comes after customer data was compromised in a ransomware attack at Infosys McCamish Systems, an IT partner for Fidelity, though the firm said the incidents were unrelated.
As one of the world’s largest asset managers, Fidelity counts more than 51.5 million individual investors and oversees customer assets totalling $14.1 trillion as of June 2024.
DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing. |
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