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TAGS

Cyber attacks Cyber security


REVOLUT SECURITY BREACH AFFECTS 50,000 CUSTOMERS

By  Carter Pape
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September 23, 2022, 2:29 p.m. EDT 2 Min Read
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Hackers accessed customers' names, addresses, phone numbers and other personal
information in the Sept. 11 breach.
Revolut
REGISTER NOW

Hackers accessed the personal data of 50,000 Revolut customers this month, and a
phishing campaign imitating the company soon followed, though the company did
not confirm whether the events were linked.

As first reported by Bleeping Computer, Lithuania's State Data Protection
Inspector said in a Sept. 16 disclosure about the breach that the exposed data
may have included names, addresses, emails, postal addresses and telephone
numbers.

Revolut, a challenger bank headquartered in London, primarily serves European
customers but has started expanding its U.S. presence. Revolut has a banking
license in Lithuania, where the government frequently publishes information
about data breaches affecting its citizens.



Revolut told the Lithuanian inspector that hackers did not get payment card
numbers. The company told customers they could use their accounts normally, and
a company spokeswoman said "no funds have been accessed or stolen" and that
"customers' money is safe — as it always has been."



The spokeswoman said Revolut has "nearly half a million" customers in the U.S.
but did not say how many Americans the data breach affected. The Lithuanian
inspector said the breach impacted 50,150 people, including 20,687 people in the
European Economic Area and 379 in Lithuania.

Revolut told customers on Sept. 15 about the breach, which reportedly happened
on Sept. 11.

Lithuania's inspector said Revolut had "taken prompt action to eliminate the
attacker's access to the company's customer data and stop the incident." The
company also said it had reached out to customers affected by the breach and
that customers who had not received an email were not affected.

"We take incidents such as these incredibly seriously, and we would like to
sincerely apologize to any customers who have been affected by this incident as
the safety of our customers and their data is our top priority at Revolut," the
spokeswoman said.

The Lithuanian inspector said social engineering was behind the breach and that
the company was still investigating.

Researchers at University College London noted after news of the breach broke
that Revolut customers had started receiving phony text messages telling them
their new debit card was on the way. Some of the messages came from a number
Revolut had previously used for legitimate communications with customers.

> @RevolutApp I read you have been beached, not from an email from you but
> through the cyber community. Then I get this message: (first message is legit,
> following message i suspect is not) pic.twitter.com/mvVKjGxsFt
> 
> — Simon Vernon (@xzer0f) September 18, 2022

The same day hackers reportedly initiated the breach, Revolut said that a number
of users had received inappropriate messages via the company's in-app customer
support system.

Carter Pape
Technology Reporter, American Banker
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Cyber attacks Cyber security Phishing Data security Technology
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