On June 19, 2023, Umpqua Bank confirmed that it was impacted by the massive cyberattack targeting the MOVEit file transfer software, a product of Progress Software. At this point, the investigation into the Umpqua Bank data breach is still ongoing, and the company has yet to confirm what data types were leaked as a result of the cyber incident. However, after confirming who was impacted, Umpqua Bank will start 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 Umpqua Bank or Progress Software, it is essential you understand what is at risk and what you can do about it. 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 Umpqua Bank data breach, please see our recent piece on the topic here.

What We Know So Far About the Umpqua Bank Breach

News of the Umpqua Bank data breach is still fresh; however, what we know at this point comes from a company spokesperson’s comments to various news outlets. Evidently, on or around June 19, 2023, an Umpqua Bank representative told reporters that the company was “one of many government agencies, large corporations and other enterprises globally affected by the MOVEit file transfer vulnerability.”

After learning about the incident, Umpqua Bank took the necessary steps to secure its system and then began working with outside cybersecurity specialists to determine the scope of the breach, including who was impacted and what data types were leaked.

The Umpqua Bank data breach, as well as many others involving the MOVEit managed file transfer software, involved a vulnerability that allowed hackers to access confidential information belonging to countless individuals. However, the vulnerability did not impact the IT systems of the companies that used MOVEit, and only affected data that was input into the program.

Umpqua Bank has not yet sent out data breach letters. However, once Umpqua Bank determines that customers or employees were impacted by the MOVEit breach, the company will send letters to all individuals whose information was compromised as a result of the recent data security incident.

More Information About Umpqua Bank

Founded in 1953, Umpqua Bank is a financial institution based out of Lake Oswego, Oregon. Umpqua Bank has more than $50 billion in assets and operates approximately 300 locations, mostly in the western United States, including in Washington, Oregon, Idaho, California, Nevada, Arizona, Utah and Colorado. In February 2023, Umpqua Bank merged with Columbia Bank. As a result, Umpqua Bank is now operated by the holding company, Columbia Banking System, Inc. Umpqua Bank employs more than 3,500 people and generates approximately $1.3 billion in annual revenue.