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Data Breach—240,000 Credit Union Members Exposed
A recent data breach at SRP Federal Credit Union has left over 240,000 members vulnerable to potential identity theft and financial fraud. The unauthorized access occurred between September 5 and November 4 of this year, allowing hackers to exfiltrate 650 GB of customer data.
The compromised information includes Social Security numbers, driver’s license details, dates of birth, and financial account information. This massive breach has raised concerns among cybersecurity experts and affected individuals alike.
According to reports, the ransomware group Nitrogen is responsible for the incident, claiming that they have accessed a significant amount of sensitive data. While SRP Federal Credit Union assures that its online banking platform and core processing systems remained secure during the incident, a prolonged two-month window of unauthorized access raises questions about the credit union’s security monitoring and response protocols.
A notification package has been sent to the 240,742 affected individuals, providing instructions on how to enroll in a complimentary one-year subscription to Experian’s credit monitoring service. This is a standard industry practice following such a significant data breach.
SRP Federal Credit Union has begun an internal investigation into the incident and notified relevant law enforcement agencies.
Source: www.forbes.com
