Accounting services company ELO has disclosed a cyberattack that exposed the financial details, including credit card numbers and account PINs, of over 15,000 clients. The breach was discovered just over a week ago, but the attack itself is believed to have occurred in March. The exposed data includes clients’ full names, addresses, Social Security numbers, birth dates, and bank account and tax return information. ELO has initiated an inquiry into the incident and is offering free credit monitoring services to affected individuals, acknowledging several reports of financial fraud resulting from the breach.
ELO’s disclosure emphasizes its commitment to maintaining the privacy of personal information and assures clients that it has implemented precautions to safeguard data. The breach has already led to instances of financial fraud, with reports of fraudulent tax returns filed on behalf of impacted individuals. ELO undertakes to promptly notify victims of any misuse of their personal information. The company discovered the cyberattack more than a week before making the public disclosure, and it is working to address the aftermath of the incident while investigating the nature and extent of the breach.
The cyberattack on ELO highlights the ongoing threat to sensitive financial information, and the company’s response includes providing compensation through free credit monitoring services. The incident underscores the need for organizations to prioritize cybersecurity measures to protect client data and respond swiftly to mitigate potential risks. As ELO continues its inquiry, affected individuals are encouraged to remain vigilant for any signs of fraudulent activity and take advantage of the credit monitoring services offered by the company.
