Fintech Firm Betterment Confirms Data Breach After Hackers Send Fake Crypto Scam Notification to Users
Betterment confirms a data breach, exposing customer info and fueling a fake crypto scam alert.
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Fintech Firm Betterment Confirms Data Breach After Hackers Send Fake Crypto Scam Notification to Users
Betterment Confirms Data Breach Affecting Customers Betterment, the popular automated investment platform, has confirmed a security breach that exposed sensitive customer data. The incident, which occurred last week, targeted personal information through a social engineering attack. Many users are now asking: “Was my data compromised?” and “Could this affect my crypto investments?” While the company has not disclosed the total number of affected accounts, it warns customers to remain vigilant. Credit: Gabby Jones/Bloomberg / Getty Images Hackers reportedly exploited third-party services used by Betterment for marketing and operational purposes. By manipulating these external platforms, attackers gained access to internal systems, highlighting the risks of interconnected digital services. This breach underscores the ongoing challenges fintech firms face in securing user data against increasingly sophisticated cyber threats. How the Hack Happened: Social Engineering Attack According to an em…
