Data Breach Comedy: 700Credit’s “Whoopsie” with 5.8 Million Customers!
700Credit, a US fintech firm, experienced a data breach affecting 5.8 million customers. Blame it on a misconfigured API, the digital equivalent of leaving the vault door wide open. While no identity theft has been reported, affected customers get a free year of identity protection—because nothing says “sorry” like complimentary credit monitoring!
Hot Take:
The fintech world just can’t catch a break, can it? It’s like their data is on a permanent vacation with no return ticket. 700Credit is now the latest guest of the “Oops, We Did It Again” club. Perhaps they should consider changing their name to 700Security? Just a suggestion. At least they’re throwing in some free identity protection – that’s something, right?
Key Points:
- Data breach at US fintech firm 700Credit impacts 5.8 million customers.
- Incident discovered in October; data exposed due to a misconfigured API.
- Firm assures no indication of identity theft or fraud so far.
- Customers offered 12-month identity protection through TransUnion.
- Data breaches in the US are on the rise, with a record expected in 2025.
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