(VitalNews.org) – In concerning news, Bank of America faces another data breach nightmare due to a careless third-party vendor’s mishandling of sensitive documents, potentially endangering millions of customers’ personal information.
See the tweet below!
Customers must now grapple with these risks and wonder about the effectiveness of the bank’s data security measures.
Massachusetts residents already feel the impact, raising alarms nationwide.
On December 30, 2024, a third-party vendor hired by Bank of America failed in its responsibility to safely transport sensitive documents.
This mishap led to a data breach that potentially exposed names, Social Security numbers, financial account details, and more.
The documents were reportedly found unsecured, outside of their designated containers, sparking concerns about how such negligence could occur, reports The Washington Times.
The bank informed customers of the breach on March 17, 2025, urging them to monitor for any suspicious activity.
Remarkably, the bank has not disclosed the exact number of affected individuals or states involved.
With an extensive customer base of 69 million consumers and small businesses, the assumption is made—it could be widespread.
“Bank of America sent out a warning to some customers alerting them to a possible breach of their personal data following a third party’s vendor mishap with physical documents late last year,” the report informs.
Bank of America offers two years of free identity theft protection services to those potentially affected.
Considering the bank manages assets worth $4.2 trillion, stronger data protection measures are imperative. This breach has further made Americans wary about trust in banks.
The situation harkens back to a previous breach in January 2025, affecting 414 customers.
Data breaches, even with highly qualified financial institutions, point to vulnerabilities.
Similar issues have plagued other major banks, including Citigroup, JPMorgan Chase, and Wells Fargo, raising questions about the integrity of data security protocols across the financial sector.
Customers concerned about potential fraud have been advised to acquire information for identity theft prevention from their state Attorney General’s office.
Bank of America encourages updated contact details, password changes, and the use of multifactor authentication.
Bank of America warns customers of data breach after document handling mishaphttps://t.co/pZFNN7mHO9 pic.twitter.com/shwoXtXIRM
— The Washington Times (@WashTimes) March 11, 2025
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