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Fidelity reports data breach affecting thousands of customers

Fidelity reports data breach affecting thousands of customers

GrafaGrafa2024/10/11 07:20
By:Isaac Francis

Fidelity has reported a data breach that exposed the personal information of 77,099 customers. 

The breach occurred between August 17 and 19 and was detected by the company on August 19, according to a filing with the Maine Attorney General's Office. 

Unauthorized individuals gained access to customer information by creating new accounts, though the specifics of the compromised data have not been fully disclosed. 

Michael Aalto, Fidelity's head of external corporate communications, confirmed that no financial accounts were accessed and that no funds were at risk. 

“They did not view accounts. They viewed customer information,” Aalto stated, clarifying that the breach involved personal data only. 

In response, Fidelity is offering two years of identity protection services to the affected customers and has advised them to monitor their financial activity for any signs of fraud. 

The company is also working with external security experts to investigate the incident and has implemented additional security measures to prevent future breaches. 

Data breaches remain a concern for financial institutions, particularly those that handle sensitive customer information. 

The incident underscores the importance of maintaining effective security protocols and ensuring client data is adequately protected. 

Fidelity is addressing the breach with heightened focus on reinforcing their systems and addressing client concerns. 

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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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