February 12, 2024 at 06:36PM
Bank of America warns customers of data breach by service provider, exposing personal information including names, addresses, social security numbers, and financial data. Infosys McCamish Systems, with over 57,000 clients affected, was compromised by a ransomware attack. Bank of America is investigating, while cybersecurity authorities estimate LockBit gang has extorted $91 million from U.S. organizations.
Key takeaways from the meeting notes are as follows:
1. Bank of America’s service provider, Infosys McCamish Systems (IMS), was hacked, leading to a data breach affecting Bank of America’s customers.
2. Customer personally identifiable information (PII) including names, addresses, social security numbers, dates of birth, and financial information such as account and credit card numbers, has been exposed.
3. The breach impacted approximately 57,028 individuals, as reported by IMS in a filing with the Attorney General of Maine.
4. IMS disclosed that the LockBit ransomware gang was responsible for the attack, claiming to have encrypted over 2,000 systems during the breach.
5. The LockBit gang has a history of targeting high-profile organizations and has extorted at least $91 million from U.S. organizations since 2020.
These takeaways provide a clear understanding of the data breach incident and its potential impact on Bank of America and its customers.