Data leak at Desjardins Group discloses personal info of 2.9m members

Maria Nikolova

The investigation has traced the leak to a single source: an ill-intentioned employee who acted illegally.

Canadian financial services provider Desjardins Group today posted an announcement informing its members of a data leak.

A Laval police investigation has revealed that the personal information of 2.9 million Desjardins’ members (2.7 million personal members and 173,000 business members) was disclosed to individuals outside Desjardins without authorization.

The investigation has determined that the source of the leak is an ill-intentioned employee who acted illegally. That person was fired.

The company explains that it has implemented additional security measures to ensure all its members’ personal and financial data remains protected.

AccèsD passwords (for both personal and business accounts), security questions and PINs were not compromised as a result of the leak. Desjardins insists that it has not been the target of a cyberattack. Its computer systems have not been compromised in any way by this incident.

The company says that its members’ assets and accounts at Desjardins are protected and that they will not suffer a financial loss if unauthorized transactions are made in their Desjardins accounts as a result of this situation.

All impacted members will receive a letter from Desjardins informing them of the situation and of what needs to be done.

Quebec’s Financial Markets Authority (AMF) today commented on the situation at Desjardins. The regulator says that this a very serious situation, which it is monitoring closely.

The AMF was informed of the situation shortly after it was discovered by Desjardins Group. The AMF is satisfied with the actions taken to date by Desjardins Group to protect the interests and assets of its members. It remains confident that the institution’s officers have handled the situation with due rigour, transparency and speed and that the cooperation provided to law enforcement is full and complete.

The major incident that happened to Desjardins Group today highlights the omnipresent risks to information security that all organizations must now contend with, the AMF notes.

Read this next

Industry News

Horizon Software rebrands to Horizon Trading Solutions

“Horizon Trading Solutions has seen accelerated global growth over the past year to meet the rising demand for our trading solutions and built-for-purpose technology offering. The choice to rebrand represents a key part of this development, while maintaining our heritage and history in the industry.”

Market News

USDJPY has surged to levels last witnessed in 2022. Should we consider opening a short position?

The recent resurgence of the US dollar has propelled USD/JPY to new heights, touching levels not seen since 2022. This surge comes against the backdrop of stable short-term yields and ongoing economic data that fails to signal a significant slowdown, prompting questions about the extent of current monetary easing measures.

Digital Assets

DED Trends on Twitter After Memecoin Snapshot Announcement

Polkadot-backed community coin #DED, made it to the trending charts on X, demonstrating community’s engagement and interest behind the memecoin. 

Digital Assets

BlockDAG Presale Nears $10 Million Amid Toncoin’s Momentum, Green Bitcoin’s Presale, and the Rise of Other Top Cryptos

This article will examine three top trending topics: Toncoin’s potential, Green Bitcoin’s innovative presale, and BlockDAG’s sustainable mining approach. These cryptocurrencies take centre stage for their uniqueness and innovation.

Digital Assets

Coinbase scores minor victory vs SEC, but lawsuit to proceed

A federal judge in Manhattan, U.S. District Judge Katherine Polk Failla, ruled on Wednesday that the U.S. Securities and Exchange Commission’s (SEC) lawsuit against Coinbase can largely proceed.

Web3

COTI Teams Up with Civic for Enhanced Digital Identity Control

СOTI and Civic are teaming up to enhance digital identity security in Web3, aiming to provide users with more control over their digital selves through innovative technology.

Digital Assets

BlockDAG Takes on Chainlink (LINK) Crypto, and RON With DeFi Card and 5000x Profit Potential

Explore BlockDAG’s innovative DeFi card, which transforms cryptocurrency into spendable cash, alongside Chainlink (LINK) crypto and Ronin’s advancements.

Digital Assets

Court finally decides on Sam Bankman-Fried sentence, experts predict 20 years

Sam Bankman-Fried, the former CEO of the now-defunct cryptocurrency exchange FTX, is set to face sentencing on Thursday in a pivotal moment that could see the entrepreneur beginning a lengthy period in federal prison.

Crypto Insider

DeFi Winter Thaws: A Look at the Emerging Landscape

The past year has seen a significant shift in the Decentralized Finance (DeFi) market, transitioning from a period of decline (“DeFi winter”) to a potential season of growth.

<