Making cyberattack among the largest ever recorded in finance industry
Evolve Bank & Trust says the data of more than 7.6 million customers was stolen during the LockBit break-in in late May, per a fresh filing with Maine's attorney general.
"Evolve promptly initiated its incident response processes and stopped the attack. No new unauthorized activity on Evolve's systems has been identified since May 31, 2024. An investigation with assistance from a cybersecurity firm was initiated to investigate what happened and what data may have been impacted. Evolve also notified law enforcement and worked to add further protections to harden its systems.
The letters sent to affected individuals are usually attached to filings with state attorneys general, but typically omit details such as the specific data types stolen in each case. Evolve has offered impacted individuals 24 months of credit monitoring, as is often the case in major data leaks. Victims have until October 31 to enroll for these services, and the full instructions on how to do so are included in an email to be sent in the next two weeks.Rounding off the letter, Evolve went on to say that it"had a significant number of cybersecurity measures in place," which have now been strengthened even further.
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