Affirm Holdings Addresses Data Breach Concerns

Financial technology company Affirm Holdings has raised concerns about a potential data breach affecting users of Affirm cards. The incident involves a cybersecurity breach at Evolve Bank and Trust, a third-party issuer of Affirm cards based in Arkansas. Last week, Evolve Bank experienced a security breach leading to the unauthorized exposure of customer data on the dark web.

Affirm has clarified that while it shares user information with Evolve for card issuance and management, its own systems remain secure. Affirm cardholders are assured that they can continue using their cards without any disruptions. In response to the breach, Evolve Bank has engaged law enforcement agencies to investigate and address the security incident.

Upon discovering the breach at Evolve, Affirm promptly launched an independent investigation to determine the extent of potential data compromise involving Affirm card users. As of July 1, this investigation is ongoing, with Affirm actively working on implementing measures to mitigate any data breaches that may have occurred.

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While the cybersecurity incident has raised concerns about data security, Affirm and Evolve Bank are taking steps to address the breach and protect user information. Affirm cardholders are advised to remain vigilant and monitor their accounts for any suspicious activity. By staying informed and following best practices for online security, users can help safeguard their personal data in an increasingly digital world.