On October 26, 2022, Convergent Outsourcing, Inc. reported a data breach with the Montana Attorney General after the company experienced a ransomware attack. According to Convergent Outsourcing, the breach resulted in the names, contact information, financial account numbers, and Social Security numbers being compromised.
U.S. financial institutions reported a record-setting $1.2 billion worth of ransomware-related filings in 2021, a nearly 200% increase compared to the $416 million in 2020, according to a report published by the Financial Crimes Enforcement Network (FinCEN) on Tuesday.
On October 31, 2022, Ethos Group filed documents with the Vermont Attorney General announcing that the company recently experienced a data breach impacting the security of consumer information stored on its computer systems. While the company has not yet disclosed the exact data types leaked in the recent breach, based on the relevant data breach reporting requirements, it is likely that the incident affected consumers’ names and one or more of the following: Social Security numbers, financial account information, protected health information or government identification numbers.
HERNDON, Va. (Nov. 4, 2022) – At the National Credit Union Administration’s 2022 DEI & ACCESS Summit, Vice Chairman Kyle S. Hauptman hosted a panel that explored how blockchain technologies can benefit underserved and unserved consumers. The discussion highlighted the Vice Chairman’s ongoing commitment to small and de novo credit unions, along with his focus on distributed ledger technology (DLT) and how these technologies are currently helping people around the world.
Millions of student-loan borrowers are projected to struggle if they're thrown into repayment next year — but that could all change if President Joe Biden's debt relief plan follows through.
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