Amid the political rise and promises of the future, the US banks and the country’s economy have become prominent concerns. In 2023, about five banks turned to bankruptcy, including Silicon Valley and Signature Bank. Adding to the woes, the US bank data breach news has shocked the netizens.
Data Breach Alerts Arrive Late
Two major U.S. banks, TD Bank and Summit National Bank, have reported a data breach affecting thousands of customers. The news surfaced when the banks approached the Maine Attorney General’s Office with suspicions of the breach. The reports indicate that the breach occurred between the third quarter of 2023 and the second quarter of this year.
The Breach Was An Insider Job
According to the Maine Attorney General’s Office report, TD Bank revealed that the data breach was an insider job by an employee who had unauthorized access to customers' personal information. Summit National Bank found suspicious activity in May, impacting 10,912 customers. In TD Bank's case, the incident occurred in July, affecting 41 customers.
Final Thoughts
Officials have revealed a new major US bank data breach affecting a total of 10,953 customers. This incident raises concerns about the safety of users' data and funds. The situation exacerbates amid increasing bankruptcies of financial institutions. Notably, renowned author Robert Kiyosaki recommended investing in Bitcoin, assessing the current state of US banks and rising national debt.
The data breach at major US banks has affected thousands of customers, raising questions about data security and financial stability. Strengthening protective measures and addressing current financial institution issues become vital topics for discussion.
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