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Some customers of Revolut, Stake and Hatch have been affected by a security incident at US brokerage infrastructure provider DriveWealth.

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An unauthorised party accessed personal and, in some cases, investment-related information on September 4 and 5. The categories of exposed information differed across the three platforms.

Historical Revolut Records Exposed

According to Revolut notifications shared publicly by affected customers, the records may include contact, employment and basic biographical information, together with part of a DriveWealth account number. Identity documents and payment details were not compromised.

For customers in the European Economic Area, the exposure relates to information provided under an earlier operating model. Revolut stopped sending new EEA customer data to DriveWealth in December 2023, meaning only records provided before then could have been involved.

DriveWealth continues to act as the clearing broker for Revolut Securities and Revolut Wealth in the United States, according to Revolut’s current disclosures.

Stake and Hatch Disclose Investment Data

The exposure at Hatch and Stake extended beyond contact details to financial snapshots held by DriveWealth.

For Hatch customers, the affected records may include income and net-asset ranges, cash balances and total portfolio values.

The information associated with Stake accounts included W-8 or W-9 tax status, country of taxation, DriveWealth account numbers and aggregate snapshots of portfolio value, cash and buying power.

Both platforms said the incident occurred within DriveWealth’s environment and did not affect their own apps or internal systems.

Separate from Earlier Revolut Incident

The DriveWealth breach is unrelated to the Revolut incident disclosed earlier this month. In that case, attackers used a compromised Italian government email account to submit fraudulent information requests directly to Revolut, reportedly obtaining KYC documents and transaction records for about 680 customers.

The latest incident occurred inside DriveWealth’s environment. Revolut customers were affected because their information had been supplied to the broker to open and service investment accounts.

According to DriveWealth, the access resulted from a social-engineering campaign. The company told its partners that the incident was contained, and it had identified no unauthorised trades, transfers or withdrawals.

However, the platforms have warned affected customers that exposed contact and account data could be used in targeted phishing or impersonation attempts.

This article was written by Tanya Chepkova at www.financemagnates.com.

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