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<p style="text-align: justify">You can also read this news on BH NEWS: <a href="https://en.bitcoinhaber.net/employee-triggers-major-data-breach" data-wpel-link="internal">Employee Triggers Major Data Breach</a><br></p>
<p style="text-align: justify">Evolve Bank and Trust has disclosed a significant data breach stemming from an employee’s accidental click on a malicious link in late May. The breach resulted in the theft of 33 terabytes of user data, including information from clients of major crypto firms such as Bitfinex, Nomad, and Copper. The incident has raised serious concerns about data security and transparency within the bank.</p> 
<h2 id="how-did-the-breach-start">How Did the Breach Start?</h2> 
<p style="text-align: justify">The breach commenced when an Evolve Bank employee inadvertently clicked on a harmful link, compromising several of the bank’s systems. Although the bank claims to have halted the attack within a few days and reported no unauthorized activity since May 31, it faced criticism for the delay in notifying affected fintech companies and end users.</p> 
<h2 id="stolen-data-highlights-the-issue-s-importance">Stolen Data Highlights the Issue’s Importance</h2> 
<p style="text-align: justify">The breach exposed a vast amount of personal and financial information, including names, addresses, social security numbers, tax IDs, birth dates, account balances, and email addresses. This data, linked to 155,586 accounts associated with firms like Bitfinex, Nomad, and Copper, underscores the severity of the incident.</p> 
<h2 id="key-takeaways-for-users">Key Takeaways for Users</h2> 
<p style="text-align: justify">The breach has highlighted several critical points for users and companies to consider:</p> 
<ul> 
 <p style="text-align: justify"> </p>
 <li>Ensure employees are trained on recognizing and avoiding phishing attempts.</li> 
 <li>Implement regular security audits and system updates.</li> 
 <li>Promptly inform stakeholders and users in the event of a data breach.</li> 
 <li>Consider <a href="https://finance.coin-turk.com/" rel="nofollow noopener" target="_blank" data-wpel-link="exclude">investing</a> in more robust <a href="https://newslinker.co/category/cybersecurity/" target="_blank" rel="noopener nofollow" data-wpel-link="exclude">cybersecurity</a> measures.</li> 
</ul> 
<p style="text-align: justify">Jason Mikula, who reported on the incident, received an email from Evolve Bank requesting him to refrain from reporting on the breach. Mikula emphasized that his goal was to inform the public responsibly without exposing sensitive information. An unnamed executive affected by the breach also reached out to Mikula for access to the leaked data, reflecting the frustration among those impacted. Evolve Bank later updated its announcement to address the concerns raised by users and the fintech community.</p> 
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on BH NEWS: </span> <a href="https://en.bitcoinhaber.net/employee-triggers-major-data-breach" data-wpel-link="internal">Employee Triggers Major Data Breach</a></h5>

Employee Triggers Major Data Breach

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