Popular digital banking app Dave has confirmed it suffered a security breach after a hacker published details of 7.5 million users on a public forum; Dave said the security breach originated on the network of a former business partner, Waydev, an analytics platform used by engineering teams; the data is available on the RAID forum as a free download; the data involved includes full name, phone numbers, emails, birth dates, and home addresses; social security numbers and passwords were encrypted so were not viewable in the download; Dave said they had no evidence that hackers used the data to gain access to user accounts and execute any unauthorized actions; the company has brought in cyber-security firm CrowdStrike to assist the investigation. ZDNet.
Peter Renton is the chairman and co-founder of LendIt Fintech, the world’s first and largest digital media and events company focused on fintech. Peter has been writing about fintech since 2010 and he is the author and creator of the Fintech One-on-One Podcast, the first and longest-running fintech interview series. Peter has been interviewed by the Wall Street Journal, Bloomberg, The New York Times, CNBC, CNN, Fortune, NPR, Fox Business News, the Financial Times, and dozens of other publications.