Bank of America Customer Data Stolen in Data Breach

[rbc]

Bank of America is sending notification letters to 57,000 customers to inform them that their personal information was stolen in a data breach at third-party services provider Infosys McCamish System (IMS).

The incident was disclosed on November 3, 2023, when IMS parent company Infosys said in a filing with the US Securities and Exchange Commission that it fell victim to a cyberattack resulting in several applications and systems becoming unavailable.

On January 11, the company informed the SEC that it had restored all the impacted systems by December 31, and that losses related to the incident were estimated at $30 million. The company also noted that additional costs such as indemnities or damages/claims could also occur.
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Bank of America Customer Data Stolen in Data Breach