Cybercrime: Hackers steal data from smartphone bank Revolut

Hackers steal data from smartphone bank Revolut

Tens of thousands of Revolut customers are affected by the hacker attack. photo

© Monika Skolimowska/dpa-Zentralbild/dpa

Despite the company’s quick response, the attackers had access to the private data of tens of thousands of customers.

The smartphone bank Revolut claims to have been the victim of a cyber attack. This emerges from a communication from the British fintech to the supervisory authorities in Lithuania. Revolut works in Europe with a banking license from Lithuania and competes in Germany with neo-banks like N26.

Revolut spokesman Michael Bodansky told TechCrunch that “an unauthorized third party was given access to the data of a small percentage (0.16 percent) of our customers for a short period of time.” Revolut discovered the malicious attack late in the evening of September 11 and was able to isolate the attack by the next morning.

The notice to regulators in Lithuania said Revolut’s security team acted quickly to stop access to the company’s customer data.

Tens of thousands of customers affected

The Revolut spokesman declined to say exactly how many customers were affected. On its website, the company states that it has around 20 million customers; 0.16 percent would correspond to about 32,000 customers. However, in Revolut’s communication to the Lithuanian authorities, the company states that 50,150 customers were affected by the security breach.

In a message to affected customers posted on Reddit, the company said “no card details, PINs, or passwords were compromised.” However, the notice states that the hackers likely accessed partial card payment details, as well as customers’ names, addresses, email addresses, and phone numbers.


source site-5