Progressive Leasing reports cyberattack and potential data breach
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Progressive Leasing, a major product leasing company, has reported a cyberattack and potential data breach to the SEC emphasizing no major operational disruptions but ongoing investigations to understand the incident's extent.
No details are available about the nature of the attack.
The cyber incident triggered engagement with cybersecurity experts and law enforcement, with a focus on identifying the compromised data.
The company, part of PROG Holdings and associated with significant retailers is suspecting substantial personally identifiable information, including social security numbers, was involved.
Progressive Leasing plans to notify affected individuals and regulatory bodies as per legal requirements. The cyberattack has led to significant response costs, though financial fallout isn't anticipated due to limited operations.
Update - Progressive Leasing has notified over 193k Individuals that are impacted by the attack.
The AlphV/Black Cat ransomware gang has claimed responsibility for the attack and is boasting about stealing personal data of over 40 million customers.
