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US Digital Bank Dave Admits Customer Data Breach

Updated: May 1, 2023

"A US fintech giant has admitted that it suffered a breach of customers’ personal data via a third party supplier, after researchers found a database containing millions of records for sale online.

LA-based Dave offers digital banking services, and in 2019 hit a valuation of $1bn after just two years in business.

However, reports emerged over the past week that its customers’ details were being traded on the dark web. Prolific cybercrime trader ShinyHunters released the trove for free on Friday, although in the weeks previous it was being auctioned by a new user on a separate forum.

It is claimed that there are over 7.5 million records associated with three million email addresses in the haul."

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