Fidelity Investments is the latest American company to be hit by a massive data breach.
The company is one of the world’s largest asset managers, yet it still can’t get its cybersecurity infrastructure together. This incident marks the firm’s second breach in 12 months, occurring in August.
While no Fidelity accounts were compromised, personal information was exposed, including Social Security numbers and driver’s licenses.
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What happened?
Fidelity Investments reported in a filing with Maine’s attorney general that an unnamed third party accessed information from its systems using two recently established customer accounts. It did not say how the creation of two Fidelity customer accounts allowed access to the data of thousands of other customers.
“We detected this activity on August 19 and immediately took steps to terminate the access,” Fidelity stated in a letter sent to those affected. The company confirmed that the …