Hackers broke into Fintech firm Betterment's systems via social engineering
TL;DR
Hackers breached Betterment's systems via social engineering on Jan. 9, using third-party platforms to send fraudulent crypto notifications. The company confirmed the attack but hasn't disclosed the number of affected customers or data accessed.
Source: TechCrunch
Automated financial advisory and investment platform Betterment has confirmed that hackers broke into some of its systems last week. In an email seen by TechCrunch, Betterment said that hackers gained access Jan. 9 by way of a social engineering attack, which involved “third-party platforms” that they use for marketing and operations. Hackers were able to send a fraudulent notification to users, claiming to triple the value of their crypto by sending $10,000 to a wallet controlled by the attacker, as reported by The Verge. The company published an announcement about the breach on its website, but did not disclose how many customers were targeted, nor how many had their personal information accessed, stolen, or seen by the hackers. New York City-based Betterment has more than one million customers and $65 billion in assets under management. Full Story