Powered by MOMENTUM MEDIA
cyber daily logo

Breaking news and updates daily. Subscribe to our Newsletter

Breaking news and updates daily. Subscribe to our Newsletter X facebook linkedin Instagram Instagram

TMX Finance breach affects 4.8m customers

Canadian finance company TMX Finance has suffered a data breach that has resulted in the data of over 4.8 million customers being compromised.

user icon Daniel Croft
Mon, 03 Apr 2023
TMX Finance breach affects 4.8m customers
expand image

According to a letter sent to those affected by the breach, the hackers gained access to the TMX systems in December 2022. However, the breach was not discovered until 13 February 2023.

Based on an investigation by the company, customer data was accessed between 3 and 4 February 2023.

“On February 13, 2023, we detected suspicious activity on our systems and promptly took steps to investigate the incident,” said the letter to affected customers.

============
============

“As part of that investigation, global forensic cyber security experts were retained. Based on the investigation to date, the earliest known breach of TMX’s systems started in early December 2022. On March 1, 2023, the investigation confirmed that information may have been acquired between February 3, 2023 — February 14, 2023.

“We promptly began a review of potentially affected files to determine what information may have been involved in this incident. We notified the FBI but have not delayed this notification for any law enforcement investigation.”

TMX has said that while the investigation is ongoing, it currently believes that the incident has been contained and that its systems are secure.

It has reset all employee passwords in the case of compromised credentials and implemented endpoint protection and monitoring.

The information compromised in the breach was personal and expansive, with TMX listing the variety of data stolen.

Data included:

  • Full name
  • Date of birth
  • Physical address
  • Email address
  • Phone number
  • Social security number
  • Financial account information
  • Tax ID number
  • Driver’s license number
  • Passport number
  • Federal/state ID card number

Those affected in the breach are able to redeem 12 months of free Experian IdentityWorks and can request a security freeze. Instructions to redeem the ID protection can be found in the data breach letter.

Daniel Croft

Daniel Croft

Born in the heart of Western Sydney, Daniel Croft is a passionate journalist with an understanding for and experience writing in the technology space. Having studied at Macquarie University, he joined Momentum Media in 2022, writing across a number of publications including Australian Aviation, Cyber Security Connect and Defence Connect. Outside of writing, Daniel has a keen interest in music, and spends his time playing in bands around Sydney.

newsletter
cyber daily subscribe
Be the first to hear the latest developments in the cyber industry.