Affirm cardholders' data may be exposed after a cyberattack on partner bank Evolve. Learn what to do and stay informed about the potential breach.
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| If you are an Affirm cardholder, Stay informed! A cyberattack on Evolve Bank, Affirm's partner bank, may have exposed your data. There should be a potential breach and steps you can take to protect yourself. |
Affirm cardholders are facing uncertainty after U.S. financial technology firm Affirm Holdings revealed a potential data breach linked to a cyberattack on its partner bank, Evolve Bank and Trust.
Last week, Evolve Bank, the issuer of Affirm credit cards, fell victim to a cybersecurity incident. The attack resulted in some of its customers' data being illegally released on the dark web, a hidden part of the internet often used for criminal activity. This raises concerns for Affirm users, as the company shares personal information with Evolve to manage credit card services.
While acknowledging the potential compromise of its customers' data, Affirm maintains its own systems were not breached. The company emphasizes that Affirm cardholders can continue using their cards as usual. However, this doesn't eliminate the risk entirely. Affirm has launched its own investigation independent of Evolve's to determine the extent of the data exposure and which users might be affected.
The lack of specifics from both Affirm and Evolve creates a tense situation for Affirm cardholders. Affirm hasn't disclosed what type of personal information was potentially exposed. This could range from basic details like names and addresses to more sensitive data like Social Security numbers or credit card information.
The scope of the breach is unknown. It's unclear if all Affirm cardholders or only a specific segment were impacted.
Without knowing what data is at risk, it's difficult for users to take proactive measures to protect themselves. Common advice for data breaches includes monitoring credit reports for suspicious activity and potentially changing passwords, but specific recommendations haven't been issued by Affirm yet.
While details are scarce, here are some steps Affirm users can take to minimize potential damage. Regularly review bank statements and credit card transactions for any unauthorized activity. Be vigilant about emails, phone calls, or texts requesting personal information, as these could be phishing attempts.
A credit freeze restricts access to your credit report, making it harder for criminals to open new accounts in your name.
Keep an eye on Affirm's official communication channels for updates on the investigation and any recommended actions for users.
The coming days and weeks will be crucial as both Affirm and Evolve continue their investigations. Transparent communication from both parties is vital to ensure Affirm cardholders are well-informed and can take appropriate steps to protect themselves. Implementing stronger security measures to prevent future breaches will also be essential to rebuild trust and ensure user confidence in Affirm's services.