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Affirm Holdings Inc (NASDAQ:AFRM) announced on Monday that the personal information of its card users was compromised due to a cybersecurity incident at Arkansas-based Evolve Bank and Trust. The ...
(Reuters) - Evolve Bank and Trust confirmed on Wednesday it was the victim of a cybersecurity incident that involved customers' data being illegally released on the dark web.
Evolve Bank is a third-party issuer of Affirm card and last week was a victim of a cybersecurity incident that involved customers' data being illegally released on the dark web. However, Affirm ...
In June 2024, LockBit claimed responsibility for a major breach of Evolve Bank & Trust, [69] a partner bank of many financial technology companies including Stripe, Mercury, Affirm, and Airwallex. [70] The group had threatened to leak data from the US Federal Reserve, but the leaked data appeared to come directly from Evolve, not the Federal ...
The company reportedly gained a significant number of new customers and deposits in the wake of the March 2023 Silicon Valley Bank failure. [3] In June 2024, one of Mercury's partner banks, Evolve Bank & Trust, suffered a major data breach that included account numbers and deposit balances for Mercury accounts. [6]
Evolve Bank & Trust, formerly First State Bank, [4] is an American bank headquartered in West Memphis, Arkansas. It is best known since 2010 for partnering with fintech companies to offer banking services to their customers. [3] Evolve has been recognized multiple times as an Inc. 5000 company [5] and has also received several honors from Top ...
The U.S. central bank has issued an enforcement action against Evolve Bank & Trust for failing to comply with anti-money-laundering, risk management, and consumer compliance programs.
Yotta relied on Synapse, a fintech company based in San Francisco, to make funds available for deposit and withdrawal to partner banks, such as Arkansas-based Evolve Bank & Trust. Following a dispute between Synapse and Evolve, Synapse filed for Chapter 11 bankruptcy protection in 2024, affecting customers of Yotta and at least 24 other startups.