Receivables Performance Management is an organization that helps businesses manage their accounts receivable accounts with customers. The company streamlines the collections process and helps companies collect debts more effectively. Receivables Performance Management works with businesses throughout the United States and may have information from most US states.
The Receivables Performance Management breach started with a malware attack that brought the file network down. Once the file servers were made inaccessible, the individual encrypted the files contained within. It's possible that financial and personal documents were accessed while establishing this attack. After several weeks of gaining access to the network, a ransomware attack was launched.
The Receivables Performance Management breach first occurred on April 8, and continued until after May 12, 2021.
This Receivables Performance Management data breach may impact individuals that owe debts to clients of Receivables Performance Management. The organization houses personal documents for many of its clients, and those documents have financial and personal information for thousands of individuals.
The Receivables Performance Management breach likely impacted thousands of files, but no specific count was obtained during the formal investigation. Many people were put at risk by this attack, and if you receive a notification from the organization about the attack, you should take immediate action to monitor your credit accounts and secure your financial accounts.