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Evolve Bank & Trust, a financial institution that has gained popularity among fintech startups, recently suffered a data breach. The systems were compromised in late May 2024, and there was no new unauthorized activity since May 31, 2024. The current evidence suggests that the attack was carried out by Lockbit, a notorious ransomware organization. An employee inadvertently clicked on a malicious internet link, which allowed the criminals to gain access to the bank's systems.
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Evolve Bank & Trust is committed to protecting its customers' sensitive information and ensuring that their financial transactions are secure. The bank has taken steps to improve its security measures and prevent future attacks from occurring.
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