the staff of the Ridgewood blog
Ridgewood NJ, Wells Fargo has notified two of its customers about a data breach, revealing that the compromised personal information includes clients’ names and mortgage account numbers.
The financial services company has emphasized its responsibility to safeguard customer information and promptly responded to the incident as soon as it came to light.
The exact timing and duration of the attack remain unclear, leaving uncertainties about how long unauthorized individuals may have accessed this sensitive data. However, Wells Fargo stated in its breach notification letter that appropriate actions were taken concerning the employee responsible, in line with company policies and procedures.
In response to inquiries from Cybernews, a Wells Fargo spokesperson clarified that the incident did not involve a cyber-attack but rather an employee who violated company policy by sending information to their personal account. The individual in question is no longer employed with Wells Fargo, and the affected customers are being informed through data breach notification letters.
Furthermore, Wells Fargo assured customers that it is implementing measures to monitor accounts for suspicious activities and continually reviewing security protocols to mitigate such incidents in the future.
With 70 million customers worldwide and operations spanning 35 countries, Wells Fargo stands as one of the Big Four Banks in the United States, alongside JPMorgan Chase, Bank of America, and Citigroup.
Unfortunately, this is not an isolated incident within the banking industry. Earlier in February 2024, Bank of America experienced a third-party breach that exposed personal information, including names, addresses, business emails, dates of birth, Social Security numbers, and other account details, affecting thousands of customers.
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“Massive Data Breach”?? Sounds like TWO customers. You are writing headlines now like MSM to get clicks. Awkward.
This bank has nothing but problems one scam at the next