700Credit: 700Credit Data Breach Exposes Sensitive Information of 5.8 Million Individuals

**700Credit Data Breach Exposes Sensitive Information of 5.8 Million Individuals**

U.S.-based fintech firm 700Credit is notifying over 5.8 million individuals following a major data breach that exposed sensitive personal information. The incident, discovered through internal security protocols, highlights ongoing cybersecurity challenges in the fintech sector.

Details of the Breach

The unauthorized access compromised a range of personally identifiable information (PII), including:

• Names
• Social Security numbers
• Dates of birth
• Account details
• Other financial identifiers

Security teams are investigating whether data was exfiltrated or altered during the breach.

Response and Mitigation Efforts

Upon detection, 700Credit took immediate steps to contain the incident, including:

• Engaging third-party cybersecurity firms for a forensic investigation
• Strengthening encryption protocols across its network
• Updating employee cybersecurity training
• Offering credit monitoring services to affected individuals

Industry and Community Reactions

The breach has sparked discussions among cybersecurity experts about the need for robust security frameworks and proactive incident response plans. It underscores the importance of regular security audits in an evolving threat landscape.

Guidance for Affected Individuals

700Credit has advised impacted users to:

• Monitor account activity for suspicious transactions
• Place fraud alerts on credit reports
• Update passwords and remain vigilant against phishing attempts

The incident serves as a reminder of the persistent risks associated with digital data storage in financial services.

Source: https://dailysecurityreview.com/cyber-security/data-security/700credit-data-breach-exposes-sensitive-information-of-5-8-million-individuals/

Open Dealer Exchange cybersecurity rating report: https://www.rankiteo.com/company/open-dealer-exchange-llc

"id": "OPE1765886076",
"linkid": "open-dealer-exchange-llc",
"type": "Breach",
"date": "12/2025",
"severity": "85",
"impact": "4",
"explanation": "Attack with significant impact with customers data leaks"

{'affected_entities': [{'customers_affected': '5.8 million',
                        'industry': 'Fintech, Financial Services',
                        'location': 'U.S.',
                        'name': '700Credit',
                        'type': 'Fintech/Financial Services Company'}],
 'customer_advisories': 'Affected individuals are advised to place fraud '
                        'alerts on credit reports, regularly update passwords, '
                        'and watch for phishing attempts via email and SMS.',
 'data_breach': {'number_of_records_exposed': '5.8 million',
                 'personally_identifiable_information': 'Yes',
                 'sensitivity_of_data': 'High',
                 'type_of_data_compromised': ['Names',
                                              'Social Security numbers',
                                              'Dates of birth',
                                              'Account details',
                                              'Other personally identifiable '
                                              'information (PII)']},
 'description': '700Credit, a U.S.-based fintech and financial services '
                'company, experienced a major data security incident exposing '
                'sensitive personal information of over 5.8 million people. '
                'The breach involved unauthorized access to substantial '
                'volumes of data, including names, Social Security numbers, '
                'dates of birth, account details, and other personally '
                'identifiable information (PII).',
 'impact': {'brand_reputation_impact': 'Potential reputational damage',
            'data_compromised': 'Sensitive personal information, including '
                                'names, Social Security numbers, dates of '
                                'birth, account details, and other PII',
            'identity_theft_risk': 'High'},
 'investigation_status': 'Ongoing',
 'lessons_learned': 'The incident highlights the critical importance of robust '
                    'cybersecurity frameworks, immediate incident response '
                    'plans, regular security audits, and reinforced data '
                    'protection strategies.',
 'recommendations': 'Organizations should conduct regular security audits, '
                    'reinforce data protection strategies, and ensure '
                    'immediate incident response plans are in place. Affected '
                    'individuals should place fraud alerts on credit reports, '
                    'regularly update passwords, and watch for phishing '
                    'attempts.',
 'response': {'communication_strategy': 'Provided resources and '
                                        'recommendations for affected users, '
                                        'including credit monitoring services',
              'incident_response_plan_activated': 'Yes',
              'remediation_measures': 'Enhanced encryption protocols across '
                                      'their network, reviewed and updated '
                                      'employee cybersecurity training',
              'third_party_assistance': 'Engaged third-party cybersecurity '
                                        'firms for forensic investigation'},
 'title': '700Credit Data Breach',
 'type': 'Data Breach'}