Crypto Mufasa
Advertise
  • Crypto News
    • General News
    • Bitcoin News
    • Altcoin News
    • Ethereum News
  • NFT NEWS
  • Beginner Guides
  • Price Predictions
  • Crypto Prices
No Result
View All Result
  • Login
  • Register
  • Crypto News
    • General News
    • Bitcoin News
    • Altcoin News
    • Ethereum News
  • NFT NEWS
  • Beginner Guides
  • Price Predictions
  • Crypto Prices
No Result
View All Result
Crypto Mufasa
No Result
View All Result

Home » Fidelity Data Breach Exposes Over 77,000 Customers’ Information

Fidelity Data Breach Exposes Over 77,000 Customers’ Information

James by James
October 12, 2024
in General News
Reading Time: 3 mins read
A A
0
Fidelity Data Breach Exposes Over 77,000 Customers’ Information
Share on FacebookShare on Twitter
ADVERTISEMENT

Fidelity Investments, a leading global asset manager, revealed that a data breach in August 2024 exposed the personal information of over 77,000 customers. This Fidelity data breach has raised significant concerns. The company assured customers that no evidence of data misuse exists but has taken swift action to reduce any potential risks.

Details of the Breach

The breach occurred between August 17 and August 19, 2024, allowing unauthorized access to sensitive customer information. Fidelity’s filing with the Office of Maine’s Attorney General highlighted that the compromised data included full names, Social Security numbers, driver’s license numbers, and other personal details. This Fidelity data breach represents a serious cybersecurity challenge for the company.

Although only two customer accounts were directly accessed during the incident, the sensitive nature of the data exposed has raised significant concerns.

No Evidence of Data Misuse, But Precautionary Measures Taken

Fidelity quickly assured customers that there was no evidence suggesting the stolen information had been misused. In a statement to affected clients, the firm emphasized its proactive approach to handling the breach. The asset manager immediately terminated unauthorized access and launched a comprehensive investigation with the help of external cybersecurity experts. The Fidelity data breach investigation is ongoing.

You May AlsoLike

Polymarket Bets

March 2025 Polymarket Bets Boom for Bitcoin, XRP, ETH, AI, and DOGE – The Future of Cryptocurrency Trading!

March 1, 2025
Ethereum’s Pectra Upgrade

3 Essential Insights from Recent Developer Call on Ethereum’s Pectra Upgrade

March 1, 2025

The breach was detected on August 19, and since then, Fidelity has been working to ensure that all customer accounts remain secure. Importantly, according to the company, the incident did not involve access to customers’ actual Fidelity accounts.

Free Credit Monitoring Services Offered

As part of its response, Fidelity has provided affected customers with free credit monitoring and identity restoration services for two years. This service, offered through TransUnion Interactive, allows customers to monitor their credit reports and detect potential fraud. The response to the Fidelity data breach includes these preventative measures.

In its letter to customers, Fidelity reiterated its commitment to safeguarding client information and took immediate steps to address the situation:

“We take this incident and the security of your information very seriously. Upon detecting this activity, we promptly took steps to terminate the activity and address this incident.”

The Scope of Fidelity’s Operations

Fidelity Investments is a global asset management giant with over $14.1 trillion in assets under administration and $5.5 trillion in assets under management. The company is a key player in traditional finance and the growing digital asset space. Fidelity operates with a team of over 75,000 associates across 11 countries, including the U.S., Europe, and Asia.

In August, the company was reportedly exploring the development of stablecoins and tokenized treasury products through its digital asset management division.

Conclusion: Strengthening Security After the Breach

The Fidelity data breach reminds us of the vulnerabilities even the largest financial institutions face in today’s digital landscape. The company is working to restore customer trust. It has taken measures such as offering credit monitoring services and conducting a full investigation. These actions reflect its commitment to security and transparency after the Fidelity data breach.

Share76Tweet48
ADVERTISEMENT
Previous Post

SEC Busts Major Crypto Fraud Scheme, $25 Million Seized

Next Post

Permit Phishing Attack: Crypto Investor Scammed for $36 Million

James

James

James is a 33-year-old cryptocurrency enthusiast who has been involved in the industry since 2017. He has always been a keen follower of the crypto space and has experience in trading and mining cryptocurrencies. Since then, James has also written numerous articles on the subject and is passionate about sharing his knowledge and insights with others.

Related Posts

Polymarket Bets
General News

March 2025 Polymarket Bets Boom for Bitcoin, XRP, ETH, AI, and DOGE – The Future of Cryptocurrency Trading!

March 1, 2025
Ethereum’s Pectra Upgrade
General News

3 Essential Insights from Recent Developer Call on Ethereum’s Pectra Upgrade

March 1, 2025
Cramer Suggests Saylor Should Plan for a Strategic Bitcoin Reserve
General News

Cramer Suggests Saylor Should Plan for a Strategic Bitcoin Reserve

February 28, 2025
MetaMask Ethereum Wallet Expands Support for Both Bitcoin and Solana
Crypto Wallets

MetaMask Ethereum Wallet Expands Support for Both Bitcoin and Solana

February 28, 2025
Bitcoin Bull Run Could Continue, says CryptoQuant CEO - Unless This Critical Threshold Is Breached
General News

Bitcoin Bull Run Could Continue, says CryptoQuant CEO – Unless This Critical Threshold Is Breached

February 28, 2025
Solana Futures Launch at CME Boosts Price Amid High Demand
General News

Solana Futures Launch at CME Boosts Price Amid High Demand

February 28, 2025
Next Post
Permit Phishing Attack

Permit Phishing Attack: Crypto Investor Scammed for $36 Million

Discussion about this post

Live Prices

Stay Connected

You May Also Like

  • Bitcoin Halving Update: Bitwise CEO's $100k Price Projection Sparks Excitement

    Why the Bitcoin Halving Is Happening Sooner Than Anticipated

    239 shares
    Share 96 Tweet 60
  • MetaMask Ethereum Wallet Expands Support for Both Bitcoin and Solana

    197 shares
    Share 79 Tweet 49
  • March 2025 Polymarket Bets Boom for Bitcoin, XRP, ETH, AI, and DOGE – The Future of Cryptocurrency Trading!

    197 shares
    Share 79 Tweet 49
  • OKB Price Prediction 2023 – 2030: Will OKB reach $200?

    201 shares
    Share 80 Tweet 50
  • Litecoin (LTC) Price Prediction For 2023,2024, 2025 And 2030

    202 shares
    Share 81 Tweet 51
  • About Us
  • Contact Us
  • Work With Us
  • Privacy Policy
  • Terms Of Service

© 2022-2024 CryptoMufasa - All Rights Reserved!

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms bellow to register

*By registering into our website, you agree to the Terms Of Services and Privacy Policy.
All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • General News
  • Beginner Guides
  • Bitcoin News
  • Ethereum News
  • Altcoin News
  • NFT News
  • Price Predictions
  • Google News

© 2022-2024 CryptoMufasa - All Rights Reserved!

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
Don’t Miss Out on the Best in Crypto!

Stay ahead with a weekly digest of the top news and insights—no spam, no ads, just the essential updates delivered straight to your inbox. Subscribe now for valuable content you can trust!

johnsmith@example.com
subscribe to email

Never see this message again.