Charles Schwab reports TD Ameritrade division impacted by MOVEit vulnerability breach

Charles Schwab Corp., the parent company of TD Ameritrade, Inc., has disclosed a significant data breach that occurred as a result of vulnerabilities found in the MOVEit file transfer software.

Charles Schwab claims that the computer systems of both companies remain unharmed. It has been confirmed that customer data stored on TD Ameritrade's MOVEit server was compromised.

While the investigation is still ongoing, Charles Schwab estimates that approximately 0.5% of Ameritrade's clients, potentially up to 55,000 individuals, may have been affected.

Once the investigation concludes, affected customers will be promptly notified about the breach and its potential impact on their personal information.