Cadence Bank reports MOVEit related data breach
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Cadence Bank report a data breach caused by the vulnerability in the MOVEit file transfer application.
On June 1, 2023, Cadence became aware of a previously unidentified vulnerability in MOVEit, a widely used file transfer application at Cadence. In response, Cadence promptly installed all available patches provided by Progress Software to rectify the situation.
Additionally, they reported the breach to law enforcement and engaged third-party data security experts to conduct a comprehensive investigation. On June 18, 2023, Cadence's investigation confirmed the unauthorized access by an external party to confidential data within the MOVEit environment.
The compromised data varied for each individual, potentially including:
- name,
- address,
- date of birth,
- Social Security number,
- driver’s license number,
- financial account details.
No details are available about the number of affected individuals.
While the incident involved information provided to Cadence Bank, it did not stem from a breach of any of Cadence Bank’s computer systems. All compromised data was accessed through the company’s instance of MOVEit.
On September 15, 2023, Cadence Bank commenced the distribution of data breach notification letters to individuals whose data was compromised in this recent security incident. These letters are intended to provide the victims with a detailed list of the specific information belonging to them that was compromised.
