On May 20, 2023, UBP was notified of a data breach involving one of its vendors, which potentially exposed sensitive personal information belonging to UBP customers. The breach raised concerns as the compromised data may have included names, Social Security numbers, driver’s license numbers, and bank account details.
Following the breach, on July 8, 2023, it was discovered that some of the sensitive information had been posted on the dark web. This development heightened the urgency for UBP to address the potential impact on its customers and take appropriate measures to mitigate any risks associated with the exposed data.
In response, UBP planned to begin notifying individuals whose information may have been affected by the breach starting on June 7, 2024. This notification process is crucial for ensuring that impacted customers are aware of the potential risks and can take necessary precautions to protect their personal information from further misuse.
The incident highlights the significant risks associated with third-party vendors and the importance of stringent data security measures. UBP’s actions in addressing the breach and notifying affected customers demonstrate its commitment to transparency and the protection of its customers’ sensitive information.
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