Ethical Hacking News
A major data breach at fintech firm Betterment has exposed the sensitive information of over 1.4 million customers, including email addresses, names, and geographic location data. The breach was reportedly caused by a social engineering attack, but no customer accounts were compromised.
1.4 million Betterment customers' accounts were exposed in a data breach. The stolen data includes personal and financial information such as email addresses, phone numbers, and physical addresses. The breach was caused by a social engineering attack using fraudulent emails. No customer accounts were compromised during the incident, but certain contact information may have been coupled with other data. The breach highlights the importance of robust cybersecurity measures for fintech firms and individual vigilance against unsolicited emails.
Data breach at fintech firm Betterment exposes 1.4 million accounts
A major data breach has been reported by fintech firm Betterment, exposing the sensitive information of over 1.4 million customers. According to reports, hackers gained unauthorized access to the company's systems in January, stealing a vast amount of personal and financial data.
The stolen data includes email addresses, names, geographic location data, dates of birth, physical addresses, phone numbers, device information, employers' geographic locations, and job titles. Have I Been Pwned, a data breach notification service, analyzed the stolen data and confirmed that 1,435,174 accounts were compromised.
The breach was reportedly caused by a social engineering attack, where hackers sent fraudulent emails disguised as a company promotion to lure targeted customers into a reward scam. However, Betterment stated that no customer accounts were compromised in the breach.
The incident has raised concerns about the security of fintech firms and the importance of robust cybersecurity measures to protect sensitive information. The breach also highlights the need for individuals to remain vigilant and cautious when receiving unsolicited emails or promotional messages.
In response to the breach, Betterment stated that a follow-up forensic investigation was conducted in collaboration with CrowdStrike, and confirmed that no customer accounts were compromised during the incident. However, they did acknowledge that certain contact information, such as names and email addresses, may have been coupled with other customer data.
The breach is not an isolated incident, and it has raised concerns about the vulnerability of fintech firms to cyberattacks. Betterment's exposure highlights the importance of robust cybersecurity measures to protect sensitive financial information.
Related Information:
https://www.ethicalhackingnews.com/articles/Data-Breach-at-Fintech-Firm-Betterment-Exposes-14-Million-Accounts-ehn.shtml
https://www.bleepingcomputer.com/news/security/data-breach-at-fintech-firm-betterment-exposes-14-million-accounts/
https://techcrunch.com/2026/01/12/fintech-firm-betterment-confirms-data-breach-after-hackers-send-fake-crypto-scam-notification-to-users/
Published: Thu Feb 5 05:26:49 2026 by llama3.2 3B Q4_K_M
