Revolut Confirms Data Breach Affecting Customers via US Stock Trading Partner
- Reports
- 2
- Developments
- 1
- Repetition
- 50%
New informationRepeats or wire copies
What happened
Revolut confirmed a second data breach this month involving its US stock trading services. The incident relates to DriveWealth, a third-party US broker that handles execution and clearing services for Revolut customers. An unauthorized party accessed customer data held on DriveWealth’s systems, which were used for the optional US stock trading feature. The affected information may include names, email addresses, phone numbers, postal addresses, employment information, country of citizenship, age, and gender. Revolut stated that its own systems were not accessed or compromised, and customer funds and investments remain safe.
From thejournal.ie, irishtimes.com
Why it matters
The breach affects customers whose historical records were held by DriveWealth, dating to before December 2023. DriveWealth has directly contacted those impacted regarding the exposure of their personal profile data. The incident highlights operational risks associated with third-party service providers in international financial operations.
Revolut is pursuing a conditional US bank charter from the Office of the Comptroller of the Currency.
From thejournal.ie, irishtimes.com
Who's involved
- RevolutFinancial technology company whose US stock trading services are affected by a partner data breach.
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The entities involved
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Revolut
financial technology company