Affirm (AFRM) ensures service continuity and security amid the Evolve Bank cybersecurity breach.
Evolve Bank is a third-party issuer of Affirm card and last week was a victim of a cybersecurity incident that involved customers' data being illegally released on the dark web. However, Affirm - which shares the personal information of its card users with Evolve to facilitate the issuance and servicing of the cards - confirmed that the company's systems were not compromised and Affirm card holders can continue using their cards. A spokesperson for the Arkansas-based lender said at that time that they have engaged appropriate law enforcement agencies to aid in their investigation and response efforts.
The unraveling of fintech upstart Synapse is rippling through a small corner of the banking world, leaving thousands of customers without access to their money and a mystery about millions of dollars that went missing.