Dave

In 2020, there was a significant data breach involving Dave, a UK-based digital bank. On May 13, 2020, Dave announced that they had fallen victim to a cyber attack, resulting in the illegal extraction of sensitive customer data.

According to reports, the hackers stole approximately 296,418,200 records, which included names, dates of birth, phone numbers, email addresses, and addresses. Additionally, some customers credit card and sort code information was also exposed.

An investigation into the breach was launched, and the company worked closely with authorities to determine the extent of the attack and contain it. Dave issued an apology to affected customers, stating that they were taking immediate action to secure their systems and protect customer data.

In the aftermath of the breach, Dave received criticism for allegedly delaying notification to customers, with some claiming they were only informed about the breach after discovering the attack on social media. The incident highlighted the importance of robust cybersecurity measures and prompt communication in the event of a data breach.

As a result of the breach, Dave faced an investigation by the Financial Conduct Authority (FCA), and the company was required to implement additional security measures to prevent similar incidents in the future.