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Industry News: ESG5

    Know Your Breach: HealthEquity

    Aug 2, 2024 9:31:25 AM

    The Target: HealthEquity, a Utah-based health savings account (HSA) provider.

    The Take: The stolen information included a mix of benefits sign-up information that varied by customer. That mix could include name, address, phone number, employee ID, employer, Social Security number, and dependent information.

    The Vector: The company said in a notice that a hacker managed to breach an "an unstructured data repository outside our core systems" containing customer data, making off with various kinds of personally identifiable information.

    This breach highlights the extreme importance of timely software updates for known software vulnerabilities, not only in systems directly under a firm’s control, but in third-party systems the firm relies upon as well. The longer a firm, or its vendors, hold out on deploying the most up-to-date software for their systems, the greater the chance an attacker will exploit the issue.

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    Topics:North AmericaKnow Your Breach

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