U.S. Bank says breach claims related to fourth-party incident
U.S. Bank has acknowledged claims of a data breach but says the incident originated with a fourth-party vendor, not its own systems. The bank states there is no evidence that its internal networks or data repositories were directly compromised.
Why this matters: Fourth-party means a vendor's vendor. U.S. Bank is saying the problem started two steps away from them, which is a real distinction, but not necessarily a comforting one for customers. Your data does not care how many contractual layers separate you from the breach. Banks share customer information across long chains of service providers, and most people have no idea that chain exists. The accountability question here is simple: if your data was exposed, who is responsible for making you whole?
Who should care: Cybersecurity · Privacy officers · Administrators
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