Charles Schwab Data Breach: What & How It Happened?
Twingate Team
•
Jun 20, 2024
In August 2023, Charles Schwab Corp., the parent company of TD Ameritrade, experienced a data breach due to vulnerabilities in file transfer software. The incident impacted multiple organizations, including government agencies. Although the incident did not impact business operations or other systems, it affected some client data and is considered one of the largest breaches in 2023, increasing the risk of identity theft and other fraudulent activities.
How many accounts were compromised?
The breach impacted data related to approximately 61,000 individuals.
What data was leaked?
The data exposed in the breach included electronic files, Social Security numbers, financial account information, and other sensitive customer data.
How was Charles Schwab hacked?
Cybercriminals exploited a vulnerability in the MOVEit file-transfer system to breach Charles Schwab Corp. and TD Ameritrade, stealing sensitive customer data. The specific methods used by the hackers remain unclear, but the companies have since halted the use of MOVEit software and initiated an investigation to determine the scope of the breach.
Charles Schwab's solution
In response to the hacking incident, Charles Schwab took several measures to secure its platform and prevent future breaches. This included containing the threat, halting any use of MOVEit Transfer, and alerting law enforcement. The company also initiated an investigation to determine the scope of the breach and the specific client data that may have been exposed. Schwab emphasized its commitment to providing regular updates to clients as new information emerges, ensuring direct communication with affected individuals.
How do I know if I was affected?
Charles Schwab has reached out to affected customers in the wake of the breach. If you are a Charles Schwab or TD Ameritrade client and have not received a notification, you can visit Have I Been Pwned to check if your credentials were affected.
What should affected users do?
In general, affected users should:
Change Your Passwords: Immediately update your passwords for any affected accounts. Make sure the new passwords are strong and unique, not previously used on any other platform.
Reset Passwords for Other Accounts: If you've used the same or similar passwords for other online accounts, reset those as well. This is crucial as attackers often try using stolen passwords on multiple sites.
Enable Two-Factor Authentication (2FA): Activate 2FA on your affected accounts. Consider enabling this additional security feature on all other important online accounts to significantly reduce the risk of unauthorized access.
For more specific help and instructions related to Charles Schwab's data breach, please contact Charles Schwab support directly.
Where can I go to learn more?
For more information on the Charles Schwab data breach, check out the following news articles:
Rapidly implement a modern Zero Trust network that is more secure and maintainable than VPNs.
Charles Schwab Data Breach: What & How It Happened?
Twingate Team
•
Jun 20, 2024
In August 2023, Charles Schwab Corp., the parent company of TD Ameritrade, experienced a data breach due to vulnerabilities in file transfer software. The incident impacted multiple organizations, including government agencies. Although the incident did not impact business operations or other systems, it affected some client data and is considered one of the largest breaches in 2023, increasing the risk of identity theft and other fraudulent activities.
How many accounts were compromised?
The breach impacted data related to approximately 61,000 individuals.
What data was leaked?
The data exposed in the breach included electronic files, Social Security numbers, financial account information, and other sensitive customer data.
How was Charles Schwab hacked?
Cybercriminals exploited a vulnerability in the MOVEit file-transfer system to breach Charles Schwab Corp. and TD Ameritrade, stealing sensitive customer data. The specific methods used by the hackers remain unclear, but the companies have since halted the use of MOVEit software and initiated an investigation to determine the scope of the breach.
Charles Schwab's solution
In response to the hacking incident, Charles Schwab took several measures to secure its platform and prevent future breaches. This included containing the threat, halting any use of MOVEit Transfer, and alerting law enforcement. The company also initiated an investigation to determine the scope of the breach and the specific client data that may have been exposed. Schwab emphasized its commitment to providing regular updates to clients as new information emerges, ensuring direct communication with affected individuals.
How do I know if I was affected?
Charles Schwab has reached out to affected customers in the wake of the breach. If you are a Charles Schwab or TD Ameritrade client and have not received a notification, you can visit Have I Been Pwned to check if your credentials were affected.
What should affected users do?
In general, affected users should:
Change Your Passwords: Immediately update your passwords for any affected accounts. Make sure the new passwords are strong and unique, not previously used on any other platform.
Reset Passwords for Other Accounts: If you've used the same or similar passwords for other online accounts, reset those as well. This is crucial as attackers often try using stolen passwords on multiple sites.
Enable Two-Factor Authentication (2FA): Activate 2FA on your affected accounts. Consider enabling this additional security feature on all other important online accounts to significantly reduce the risk of unauthorized access.
For more specific help and instructions related to Charles Schwab's data breach, please contact Charles Schwab support directly.
Where can I go to learn more?
For more information on the Charles Schwab data breach, check out the following news articles:
Rapidly implement a modern Zero Trust network that is more secure and maintainable than VPNs.
Charles Schwab Data Breach: What & How It Happened?
Twingate Team
•
Jun 20, 2024
In August 2023, Charles Schwab Corp., the parent company of TD Ameritrade, experienced a data breach due to vulnerabilities in file transfer software. The incident impacted multiple organizations, including government agencies. Although the incident did not impact business operations or other systems, it affected some client data and is considered one of the largest breaches in 2023, increasing the risk of identity theft and other fraudulent activities.
How many accounts were compromised?
The breach impacted data related to approximately 61,000 individuals.
What data was leaked?
The data exposed in the breach included electronic files, Social Security numbers, financial account information, and other sensitive customer data.
How was Charles Schwab hacked?
Cybercriminals exploited a vulnerability in the MOVEit file-transfer system to breach Charles Schwab Corp. and TD Ameritrade, stealing sensitive customer data. The specific methods used by the hackers remain unclear, but the companies have since halted the use of MOVEit software and initiated an investigation to determine the scope of the breach.
Charles Schwab's solution
In response to the hacking incident, Charles Schwab took several measures to secure its platform and prevent future breaches. This included containing the threat, halting any use of MOVEit Transfer, and alerting law enforcement. The company also initiated an investigation to determine the scope of the breach and the specific client data that may have been exposed. Schwab emphasized its commitment to providing regular updates to clients as new information emerges, ensuring direct communication with affected individuals.
How do I know if I was affected?
Charles Schwab has reached out to affected customers in the wake of the breach. If you are a Charles Schwab or TD Ameritrade client and have not received a notification, you can visit Have I Been Pwned to check if your credentials were affected.
What should affected users do?
In general, affected users should:
Change Your Passwords: Immediately update your passwords for any affected accounts. Make sure the new passwords are strong and unique, not previously used on any other platform.
Reset Passwords for Other Accounts: If you've used the same or similar passwords for other online accounts, reset those as well. This is crucial as attackers often try using stolen passwords on multiple sites.
Enable Two-Factor Authentication (2FA): Activate 2FA on your affected accounts. Consider enabling this additional security feature on all other important online accounts to significantly reduce the risk of unauthorized access.
For more specific help and instructions related to Charles Schwab's data breach, please contact Charles Schwab support directly.
Where can I go to learn more?
For more information on the Charles Schwab data breach, check out the following news articles:
Solutions
Solutions
The VPN replacement your workforce will love.
Solutions