Data breach at Evolve Bank and Trust compromises Wise customers’ personal information

Wise, a well-known money transfer and fintech company, stated that the personal data of some customers had been compromised in the recent Evolve Bank and Trust data breach. There is uncertainty about the extent of the breach and its impact on third-party companies, their customers, and users, as an increasing number of companies have come forward in recent days to disclose that they have been affected.

In an official statement, Wise states it had worked with Evolve from 2020 to 2023 and shared with the latter USD account details. This personal data included names, addresses, dates of birth, contact information, and Social Security numbers or Employer Identification Numbers. The statement suggests that due to the breach, there is a potential risk that customers’ personal information might be exposed. The extent of the impact on Wise customers remains undisclosed as the company continues its investigation. Yet the company assured that affected Wise customers would be notified via email. Despite the breach at Evolve, Wise assured that their systems remained integral and facilitated customers’ secure access to their accounts.  

Evolve highlighted its ongoing efforts to address the cybersecurity incident following the ransomware attack by the LockBit cybercrime group by noting there was limited data loss and minimal operational disruptions due to available backups. Evolve ensured that it would individually notify all persons affected by the breach. Affirm, EarnIn, Marqeta, Melio, and Mercury, among other Evolve partners, are investigating the impact on their customers.