MOVEit Breach Affects Tens of Millions
You may have recently received a letter relating to a breach of your personal information – from your investment firm, insurance company, airlines, or doctor’s office. A recent breach called MOVEit has touched at least 60 million Americans in the last few months. This hack started with the compromise of sensitive data at a single US software company, called Progress, according to Reuters. Their MOVEit service claims to provide “secure collaboration and automated file transfers of sensitive data and advanced workflow automation capabilities without the need for scripting.” The problem is that this service is used by organizations that provide data handling to other organizations. Given the snake-like spread by affected organizations that are handling data on behalf of others, who “in turn got the data from third parties,” this breach has been called one of the largest in recent history. “We are just in the very, very early stage of this,” according to Marc Bleicher, chief technology officer of the incident response firm Surefire Cyber. “I think we’ll start to see the real impact and fallout down the road.”
In the meantime, families should take proactive steps to help ensure that this breach doesn’t wreak havoc on their finances. EverSafe provides round-the-clock protection to families, sending alerts to adult children and fiduciaries (i.e. advisors, attorneys, POAs) for erratic activity in loved ones’ and clients’ linked financial accounts, credit cards, credit data, real estate records, and the Dark Web.