First Bankers Trust Data Breach is the Newest Victim of the MOVEit Data Breach

By
Will Gendron
May 17, 2024 11:54 AM
Explore the May 2023 data breach at First Bankers Trust involving MOVEit software. Learn about the exposed data types and steps to protect your information.
First Bankers Trust Data Breach is the Newest Victim of the MOVEit Data Breach

May 2023 Data Breach

In late May 2023, First Bankers Trust Company experienced a significant security incident involving MOVEit Transfer, a Managed File Transfer (MFT) software by Progress Software. This software is widely used for secure file transfers across numerous organizations globally. The breach was identified due to vulnerabilities in the MOVEit Transfer system, which were exploited by unauthorized actors.

Between May 27 and May 31, 2023, before the software vulnerabilities were publicly disclosed by Progress Software, unauthorized individuals accessed and obtained files transferred via MOVEit Transfer. The breach was discovered and reported promptly after the initial detection of suspicious activity.

Information Exposed

The specific types of consumer information exposed specifically relating to First Bankers Trust were not disclosed in the public attorney general disclosure. However, other victims in the MOVEit Transfer breach had their name, Social Security number, date of birth, driver's license/state identification number, and taxpayer identification number exposed.

First Bankers Trust Company's Response

Upon discovering the breach, First Bankers Trust Company acted swiftly to mitigate the effects of the breach and prevent further unauthorized access. The company launched a comprehensive investigation to understand the scope and impact of the breach. They also notified necessary regulatory bodies as required by law.

Technical vulnerabilities were addressed by patching the MOVEit software according to the provider's guidelines. Additionally, the service provider deployed a technical response team to secure the systems and ensure that no further vulnerabilities remained.

To support affected individuals, First Bankers Trust Company has partnered with Kroll, a global leader in risk mitigation, to offer two years of complimentary identity monitoring services. These services include Credit Monitoring, Fraud Consultation, and Identity Theft Restoration.

Steps to Take if You Are Affected

Given the nature of the data breach, it is crucial for affected individuals to remain vigilant and proactive in monitoring their personal information. Here are recommended actions:

  1. Activate the Offered Identity Monitoring Services: Enroll in the complimentary services provided by Kroll to help monitor your credit and receive alerts for any suspicious activity. You can activate your services by visiting Kroll's Enrollment Page.
  2. Monitor Your Financial Accounts: Regularly review your bank statements and credit reports for any unauthorized transactions. If you notice anything suspicious, report it immediately to your financial institution.
  3. Place Fraud Alerts and Credit Freezes: Consider placing a fraud alert or a credit freeze on your credit reports. This can make it harder for identity thieves to open accounts in your name. Contact the three major credit bureaus to set these up:
    1. Equifax: Equifax
    2. Experian: Experian
    3. TransUnion: TransUnion
  1. Stay Informed: For more detailed steps and resources, review the attachments provided in the notice to consumers, which include further instructions and contact information for credit bureaus.
Affected by the data breach?

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