On October 23, 2023, the Bank of Canton filed notice with the Attorney General of Massachusetts after discovering that one of the bank’s vendors experienced a MOVEit-related data breach. In this notice, the Bank of Canton explains that the incident resulted in an unauthorized party being able to access consumers’ sensitive information, which includes their names, Social Security numbers and account numbers. Upon completing its investigation, the Bank of Canton began sending out data breach notification letters to all individuals whose information was affected by the recent data security incident.
If you receive a data breach notification from the Bank of Canton, it is essential you understand what is at risk and what you can do about it. A data breach lawyer can help you learn more about how to protect yourself from becoming a victim of fraud or identity theft, as well as discuss your legal options following the Bank of Canton vendor data breach. For more information, please see our recent piece on the topic here.
What Caused the Bank of Canton Vendor Data Breach?
The Bank of Canton vendor data breach was only recently announced, and more information is expected in the near future. However, Bank of Canton’s filing with the Attorney General of Massachusetts provides some important information on what led up to the breach. According to this source, on August 3, 2023, one of the Bank of Canton’s vendors informed the Bank of Canton of a data breach involving the file-transfer application MOVEit. The vendor, which goes unnamed but is referred to as “a major, publicly traded company which serves thousands of businesses in the financial industry,” explained that the breach stemmed from a period of unauthorized access to the company’s MOVEit server on approximately May 27, 2023.
In response, the Bank of Canton worked with its vendor to identify the scope of the breach, ultimately confirming that certain Bank of Canton customers' personal information was among the information that was subject to unauthorized access.
After learning that sensitive consumer data was accessible to an unauthorized party, the Bank of Canton reviewed the compromised files to determine what information was leaked and which consumers were impacted. The Bank of Canton completed this process on September 22, 2023. While the breached information varies depending on the individual, it may include your name, Social Security number and account numbers.
On October 23, 2023, the Bank of Canton sent out data breach letters to anyone who was affected by the recent data security incident. These letters should provide victims with a list of what information belonging to them was compromised.
More Information About Bank of Canton
Founded in 1835, the Bank of Canton is a financial institution based in Canton, Massachusetts. The Bank of Canton offers its customers traditional banking services, such as personal and business checking and savings accounts, credit cards, personal and auto loans, investment products, and more. The Bank of Canton operates four branches in Massachusetts, as well as a mortgage center in Auburn, Massachusetts. The Bank of Canton employs more than 114 people and generates approximately $30 million in annual revenue.
