On May 13, 2023, Bank of New York Mellon Corporation (“BNY Mellon”) filed a notice of data breach with the Attorney General of Massachusetts after learning that confidential information that had been entrusted to the company was leaked in what appears to be a third-party data breach. Based on the company’s official filing, the incident resulted in an unauthorized party gaining access to consumers’ names and Social Security numbers. After confirming that consumer data was leaked, BNY Mellon began sending out data breach notification letters to all individuals who were impacted by the recent data security incident.

If you received a data breach notification from Bank of New York Mellon Corporation, it is essential you understand what is at risk and what you can do about it. Financial institutions maintain a wealth of highly sensitive information on behalf of employees and clients. This makes them an ideal target for hackers looking to steal confidential consumer data, which they can then use to commit identity theft and other frauds. To learn more about how to protect yourself from becoming a victim of fraud or identity theft and what your legal options are in the wake of the BNY Mellon data breach, please see our recent piece on the topic here.

What We Know So Far About the BNY Mellon Breach

News of the BNY Mellon data breach is still fresh; however, what we know at this point comes from the company’s filing with the Attorney General of Massachusetts. According to this source, BNY Mellon recently determined that certain confidential information provided to the company was subject to unauthorized access. Based on the Massachusetts AG filing, it appears that the breach did not affect BNY Mellon’s computer system but instead involved unauthorized access to a third party’s IT system, such as a vendor. The name of the third party has not yet been released.

Upon discovering that sensitive consumer data was made available to an unauthorized party, BNY Mellon began to review the affected files to determine what information was compromised and which consumers were impacted. While the breached information varies depending on the individual, it may include your name and Social Security number.

On May 13, 2023, BNY Mellon sent out data breach letters to all individuals whose information was compromised as a result of the recent data security incident. BNY Mellon is offering affected parties free credit monitoring in the wake of the breach.

More Information About Bank of New York Mellon Corporation

Bank of New York Mellon Corporation is an investment bank located in New York, New York. BNY Mellon was formed from the merger of The Bank of New York and the Mellon Financial Corporation in 2007. BNY Mellon maintains operations in 35 countries and has $1.9 trillion in assets under management as of March 2023. BNY Mellon employs more than 51,700 people and generates approximately $16 billion in annual revenue.