Evolve Bank & Trust Confirms Data Breach Following Cyber Attack

Customer data from Arkansas-based lender posted on dark web by ransomware group LockBit 3.0, prompting regulatory and security responses.

Evolve Bank & Trust was targeted by ransomware group LockBit 3.0, which released customer data online.
The bank is working with law enforcement and offering affected customers credit monitoring and identity theft protection.
The breach follows a regulatory order for Evolve to improve risk management and oversight of fintech partnerships.
LockBit 3.0 falsely claimed to have hacked the Federal Reserve; no Fed data was compromised.
Evolve's partnerships with fintech firms have come under increased regulatory scrutiny.