1st Source Bank is a mid-sized financial organization based in Indiana. The company has 86 branches, and a huge staff, and serves hundreds of thousands of individuals throughout Indiana and Michigan. This bank could have exposed the personal data of its customers because it was hit by a data breach.
The 1st Source Bank breach occurred because the company used MOVEit and the software was breached. MOVEit is a secure file transfer tool that had a serious vulnerability that cost more than 130 companies data. Once the breach was identified the company secured its network and reported the breach to the Maine Attorney General's office.
Like most other MOVEit breaches, this bank breach likely occurred at the beginning of June 2023. We don't have data explaining how long the breach occurred. We only know that the attack was discovered by July 14 when it was reported.
Over 450,000 1st Source Bank customers were impacted by this data breach. Many of them lost personal data which could put them at risk for an identity theft attack. If you receive a notice from 1st Source Bank explaining the breach, you need to take immediate precautions. You have access to 12 months of complimentary credit monitoring, but you should also consider freezing your credit for protection.
We don't know how many bank files were taken in this attack. However, we suspect significant losses to occur as a result of these files going missing.