Affirm's (AFRM) Card Issuer Evolve Bank Under Cyber Attack [Yahoo! Finance]
Affirm Holdings, Inc. - Class A (AFRM)
Company Research
Source: Yahoo! Finance
The cybercriminals involved in this breach are the gang of LockBit, who published the stolen data on the dark web. Evolve, a third-party issuer, issues Affirm's cards, providing a buy now pay later option to 18 million customers. Affirm has clarified that its systems remain secure. However, data shared with Evolve Bank for card issuance may have been compromised. This includes sensitive information such as names, Social Security Numbers, and account details. The attack also impacted companies like Mercury, Melio, EarnIn and Marqeta. If more companies who were impacted come forward, the actual impact of the breach will be clearer. Affirm, in response to this incident, alerted its 18 million customers about the incident, reassuring that Affirm installment loans and services unrelated to Evolve remain unaffected. The company has advised impacted cardholders to reset their card PINs, set up fraud alerts, and monitor accounts for suspicious activity as measures of precaution. Per the c
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- Street calls of the week: Stifel initiates on Tesla; downgrade for Alphabet [Yahoo! Finance]Yahoo! Finance
- Here's Why Affirm Holdings (AFRM) Fell More Than Broader Market [Yahoo! Finance]Yahoo! Finance
- Affirm Holdings, Inc. (NASDAQ: AFRM) is now covered by analysts at JMP Securities. They set a "market perform" rating on the stock.MarketBeat
- Evolve Bank & Trust Confirms Its Data Was Stolen in Cyber Attack [BNN Bloomberg (Canada)]BNN Bloomberg
- Affirm Holdings Surges as It Gets a 'Buy' Rating From Goldman Sachs [Yahoo! Finance]Yahoo! Finance
AFRM
Earnings
- 5/8/24 - Beat
AFRM
Sec Filings
- 7/2/24 - Form 4
- 7/2/24 - Form 4
- 7/2/24 - Form 4
- AFRM's page on the SEC website