Fidelity Data Breach Raises Security Concerns

Cyberattack targeted Fidelity customers. Personal information of thousands exposed in data breach.  Company working to identify cause and prevent future incidents.

Cyberattack Hits Fidelity Customers
Fidelity offers credit monitoring after data breach. Company apologizes for incident and assures customers of security measures. Symbolic Image


Boston, Massachusetts, USA  – October 13, 2024:

Fidelity Investments, one of the largest financial services firms in the United States, has disclosed a data breach that affected the personal information of 77,099 customers. The breach occurred in August and involved unauthorized access to customer data.

While Fidelity has assured customers that their funds and accounts were not compromised, the incident raises serious concerns about the security of personal information. The company has not disclosed the specific types of data that were accessed, but it is likely that sensitive information such as names, addresses, Social Security numbers, and financial details were compromised.

The breach took place between August 17 and 19, with Fidelity becoming aware of the unauthorized access on August 19. The company immediately took steps to stop the breach and launched an investigation with the assistance of external security experts.

Fidelity has notified the affected customers and is offering two years of free credit monitoring to help them mitigate the risk of identity theft. The company is also urging customers to remain vigilant for fraudulent activity and report any suspicious activity to their account representatives.

This data breach is a reminder of the ongoing threat of cyberattacks and the importance of protecting personal information. As technology continues to evolve, it is essential for companies to invest in robust security measures to safeguard customer data.

Fidelity has apologized for the inconvenience caused by the breach and has assured customers that their security is a top priority. The company is committed to taking steps to prevent future breaches and protect customer data. However, the incident raises questions about the effectiveness of Fidelity's security measures and the company's ability to protect customer information.

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