BNY Mellon reports Data Breach including Clients' Social Security Numbers
Take action: You share your data with your vendors and partners. In many instances you grant those vendors access to your systems, so you are exposed if these vendors are attacked. The time you burn to evaluate your vendors for their security posture is well invested.
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Bank of New York Mellon Corporation (BNY Mellon) reported a data breach on May 13, 2023. The breach occurred when confidential information entrusted to the company was leaked, likely as a result of a third-party data breach.
BNY Mellon recently discovered that certain entrusted confidential information was accessed without authorization. The breach seems to have occurred outside of BNY Mellon's computer system and instead involved unauthorized access to a third party's IT system, potentially a vendor. The identity of this third party has not been disclosed as of now.
Upon detecting that sensitive consumer data had been accessed by an unauthorized party, BNY Mellon initiated a thorough review of the affected files to ascertain the compromised information and identify the impacted individuals. The specific breached information may vary for each person, but it could include names and Social Security numbers.
On May 13, 2023, BNY Mellon began sending out data breach notification letters to all individuals whose information was compromised in the recent data security incident. As a response to the breach, BNY Mellon is providing affected parties with complimentary credit monitoring services.
