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Affirm admits customer info pwned in ransomware raid at Evolve Bank

July 2, 2024

The number of financial institutions caught up in the ransomware attack on Evolve Bank & Trust continues to rise as fintech businesses Wise and Affirm both confirm they have been materially affected.

News of Evolve being compromised by extortionists broke last week. The Banking-as-a-Service provider officially disclosed it fell victim in late May to the LockBit crew – which steals and holds organizations’ information to ransom – and the reports of follow-on data privacy compromises at partners have emerged over the past few days.

Buy-now-pay-later biz Affirm told the US Securities and Exchange Commission (SEC) on Monday that it believes personal data of Affirm Card holders was potentially stolen during LockBit’s cyber-attack on Evolve.

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