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Wealthsimple Discloses Breach Affecting Fewer Than 1% of Clients

The company attributes the exposure to a compromised third‑party tool, offering two years of credit and identity protections.

Overview

  • Unauthorized access was detected on August 30 and contained within hours, with public disclosure and customer notifications sent on September 5 at 10:30 a.m. ET.
  • Personal data for less than 1% of roughly 3 million clients was accessed, including contact details, government IDs, account numbers, IP addresses, Social Insurance Numbers, and dates of birth.
  • Wealthsimple says passwords were not exposed and no customer funds were accessed, with all accounts remaining secure.
  • Affected clients are receiving two years of credit monitoring, dark‑web monitoring, identity theft protection, and insurance, and privacy and financial regulators have been notified.
  • Wealthsimple cites a compromised third‑party software package as the cause, while BleepingComputer reports the incident may be linked to a broader Salesloft supply‑chain campaign associated with ShinyHunters.