Credit: Rafael Henrique/Adobe Stock Buy-Now-Pay-Later Company Affirm Hit With Data Breach Class Action After Cyberattack on Banking Partner
According to the suit, Evolve confirmed on June 25 that it had been breached by a "known cybercriminal organization" that published its clients' data on the dark web.
August 30, 2024 at 07:22 PM
4 minute read
Litigation
The original version of this story was published on The Recorder
What You Need to Know
- Buy-now-pay-later fintech company Affirm was hit with a class action.
- The complaint, filed by Morgan & Morgan, alleges that it failed to safeguard user data that was compromised in a cyberattack on its banking partner, Evolve.
- Regulators had previously issued an enforcement action on Evolve for engaging in
Affirm, a fintech software platform that provides services to online retail shoppers to buy now pay later and lending and consumer credit, was slapped with a class action for allegedly failing to protect the personally identifiable information of its users from a cyberattack on its banking partner, Evolve Bank & Trust.
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