The Recent Data Breach at Evolve Bank and Trust: Implications for Wise Customers
The money transfer and fintech company Wise announced on Friday that some of its customers’ personal data may have been stolen in the recent data breach at Evolve Bank and Trust.
The fallout from the Evolve data breach on third-party companies — and their customers and users — is still unclear. The impact is likely to extend to companies and startups that are yet unknown.
Wise wrote that it collaborated with Evolve from 2020 to 2023 to provide USD account details. As Evolve was recently breached, Wise customers’ personal information may have been compromised.
Names, addresses, date of birth, contact details, Social Security numbers, and more were shared with Evolve by Wise. The extent of affected customers is still under investigation.
A Wise spokesperson confirmed that customer accounts were not compromised, and safety measures are in place. Customers impacted by the breach will be contacted directly.
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Evolve acknowledged the ransomware incident caused by the LockBit gang but mentioned no evidence of customer fund access. Affected individuals will be directly notified, according to the company’s statement.
Affirm, EarnIn, Marqeta, Melio, and Mercury, all Evolve partners, are assessing the breach impact on their customers. Branch, another partner, sent a notification to its customers but has not yet responded to inquiries.
This story was updated to include Wise’s spokesperson statement.