UniCredit hit by data breach of Italian client records
3 million Italian customers of Italian bank UniCredit are affected by a major breach involving a document created in 2015, the company confirmed on Monday. It is not clear what data has been compromised, but according to the bank, the information, could not have allowed threat actors to access customer accounts in order to carry out unauthorized transactions.
UniCredit has launched an investigation in the incident and has informed all impacted customers. The bank also suffered major breaches in September and October of 2016 that exposed the private data of 400,000 customers. Those incidents were not discovered until July of 2017. UniCredit claims that since those incidents, the bank “has invested an additional 2.4 billion euros in upgrading and strengthening its IT systems and cyber security.”