Financial services targeted by ransomware

Financial services targeted by ransomware

https://www.jdsupra.com/legalnews/acorn-financial-services-reports-data-5996771/

Exploit: Phishing
Acorn Financial Services: Financial Planners

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Risk to Business: 1.837 = Severe

In April 2022, Acorn Financial Services discovered unusual activity within an employee email account that ultimately led to uncovering a data breach. Acorn says that the incident was kicked off by an employee falling for a phishing email. The company acted to secure the employee’s email account and confirmed that an unauthorized actor has potentially gained access to sensitive customer data. The company has filed data breach notifications and is informing the impacted customers via mail.

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Individual Risk: 1.646 = Severe
While the breached information varies depending on the individual, it may include the client’s name, address, date of birth, driver’s license number, financial account number, Social Security number and other account-related information.

How it Could Affect Your Business : The financial services sector was the most heavily under siege by ransomware last year, a pattern that continues in 2022.

Risk Levels:
1 - 1.5 = Extreme Risk
1.51 - 2.49 = Severe Risk
2.5 - 3 = Moderate Risk

*The risk score is calculated using a formula that considers a wide range of factors related to the assessed breach.