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Revolut confirms cyberattack exposed personal data of tens of thousands of users

Fintech startup Revolut has confirmed it was hit by a extremely focused cyberattack that allowed hackers to entry the non-public particulars of tens of hundreds of shoppers.

Revolut spokesperson Michael Bodansky advised TechCrunch that an “unauthorized third occasion obtained entry to the small print of a small proportion (0.16%) of our clients for a brief time frame.” Revolut found the malicious entry late on September 10 and remoted the assault by the next morning.

“We instantly recognized and remoted the assault to successfully restrict its influence and have contacted these clients affected,” Bodansky mentioned. “Prospects who haven’t acquired an electronic mail haven’t been impacted.”

Revolut, which has a banking license in Lithuania, wouldn’t say precisely what number of clients had been affected. Its web site says the corporate has roughly 20 million clients; 0.16% would translate to about 32,000 clients. Nonetheless, based on Revolut’s breach disclosure to the authorities in Lithuania, first noticed by Bleeping Computer, the corporate says 50,150 clients are impacted by the breach, together with 20,687 clients within the European Financial Space and 379 Lithuanian residents.

Revolut additionally declined to say what forms of information had been accessed however advised TechCrunch that no funds had been accessed or stolen within the incident. In a message sent to affected customers posted to Reddit, the corporate mentioned that “no card particulars, PINs or passwords had been accessed.” Nonetheless, the breach disclosure states that hackers probably accessed partial card fee information, together with clients’ names, addresses, electronic mail addresses, and telephone numbers.

The disclosure states that the menace actor used social engineering strategies to achieve entry to the Revolut database, which generally entails persuading an worker handy over delicate info similar to their password. This has change into a preferred tactic in latest assaults towards various well-known corporations, together with Twilio, Mailchimp and Okta.

However Revolut warned that the breach seems to have triggered a phishing marketing campaign, and urged clients to watch out when receiving any communication concerning the breach. The startup suggested clients that it’s going to not name or ship SMS messages asking for login information or entry codes.

As a precaution, Revolut has additionally shaped a devoted staff tasked with monitoring buyer accounts to guarantee that each cash and information are protected.

“We take incidents similar to these extremely critically, and we want to sincerely apologize to any clients who’ve been affected by this incident as the protection of our clients and their information is our high precedence at Revolut,” Bodansky added.

Final 12 months Revolut raised $800 million in fresh capital, valuing the startup at greater than $33 billion.

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