Figure Technologies, a prominent fintech firm specializing in blockchain-powered lending, has officially confirmed a data breach affecting a segment of its customer base. The company, known for its utilization of the Provenance Blockchain for home equity lines of credit (HELOCs) and other financial services, disclosed that unauthorized access to its systems was recently detected. According to an official statement, the breach may have exposed sensitive personal information, including names, Social Security numbers, and financial details.
The company stated that it has taken immediate steps to secure its infrastructure and has launched a comprehensive investigation in coordination with third-party cybersecurity experts and law enforcement. Figure has begun notifying affected individuals, offering credit monitoring services as a precautionary measure. While the full extent of the incident is still being assessed, the firm emphasized that its core blockchain records remain secure and uncompromised, as the breach targeted internal administrative systems rather than the decentralized ledger itself. This incident highlights the ongoing cybersecurity challenges faced by fintech companies as they bridge traditional finance with distributed ledger technology.
Source: Publicly Traded Blockchain Lender Figure Confirms Customer Data Breach
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