A third-party vendor security breach has exposed the personal data of hundreds of Bank of America customers. The bank confirmed the breach, stating that an unauthorized party accessed the vendor’s systems in October.
What Data Was Exposed?
The compromised information includes names, Social Security numbers, addresses, phone numbers, passport numbers, and loan numbers for at least 414 customers. The breach specifically affected customers with mortgage loans.
Bank of America’s Response
Bank of America is notifying affected customers and offering them a free year of identity protection services. They’re also actively monitoring accounts for any unauthorized activity. The bank emphasized its commitment to customer security and apologized for the incident.
The Bigger Picture
This incident highlights a growing concern: third-party vendor risks. A recent report revealed that a vast majority of top US banks experienced similar breaches last year. This underscores the increasing reliance on outside vendors for core banking operations and the potential vulnerabilities this creates.
Important Note: This information is for news purposes only and should not be considered financial or security advice.
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