Wise customer data likely compromised in Evolve data breach [Video]

Some Wise customer data was likely to have been obtained by the hackers behind the Evolve data breach back in May.

Multiple additional fintech firms may also be affected by the cybersecurity attack, and it’s possible that personal data may be leaked if companies refuse to give in to ransom demands …

Wise launched back in 2011, with the aim of providing low-cost money transfers between countries at far more competitive exchange rates than those offered by banks. High-profile backers included Virgin founder Richard Branson and PayPal co-founder Max Levchin.

The company partnered with Evolve Bank & Trust for several years, with Wise account holder details shared with the bank.

Back in May, Evolve suffered a data breach when a phishing attack saw an employee click on a malicious link. Wise has advised customers that their personal data may have been exposed.

Evolve Bank & Trust is a regulated bank that we worked with from 2020 until 2023 …