The Vermont Dept of Financial Regulation Gets Breached, Exposing 42K Residents

  • By Steven
  • Published: Aug 14, 2023
  • Last Updated: Aug 15, 2023

Vermont Dept of Financial Regulation Data Breach

The Vermont Department of Financial Regulation is an organization that oversees the financial sector within the state. The department is split into four divisions: Securities, Banking, Captive Insurance, and Insurance. Any businesses involved in these companies must answer to this department, and many Vermont residents have supplied the department with information to help it carry out its everyday role. Anyone that gave data to this organization may be at risk because of a recent data breach within the department. 

How Did the Attack Occur?

The attack on the Vermont Department of Financial Regulation occurred through the MOVEit file transfer solution. The software that's meant to be secure experienced a significant security vulnerability that put all its customers at risk. The software had what's known as a Zero-Day vulnerability, and this allowed hackers to access all the files within the database linked to the software. The department lost a large number of files because of this vulnerability and many people could be at risk for identity theft and phishing attacks. 

What Information Was Viewed or Stolen?

We don't have specifics for the information lost in this data breach. We suspect that personal data was stolen and that full names, Social Security numbers, phone numbers, Driver's License information, home address, email address, and more were also part of the breach. It's likely the information stolen was not the same for all the individuals involved, but if you're named as one of the victims connected with this breach, you should take steps to safeguard yourself from damage. 

How Did the Vermont Department of Financial Regulation Admit to the Breach?

The Vermont Department of Financial Regulation released a notice last week explaining that it experienced a data breach and 42,000 individuals could be impacted by the information released. If any personal information was stolen in this breach, the department will send out individual letters to everyone involved in the breach. At the moment, we don't have specifics about what data was stolen, though, so worried individuals will have to wait for more answers. 

What Will Become of the Stolen Information?

The stolen information will be leveraged to do damage to the people involved in the breach. The main goal of the ransomware gang stealing all this information is to earn money from the stolen information. That means the data will be leveraged for identity theft attacks and resold to other individuals. The information will be leveraged in as many ways as possible to generate money. 

What Should Affected Parties Do in the Aftermath of the Breach?

If you receive information informing you that you are involved in this data breach, you should check your credit and consider investing in credit monitoring services. It's up to you to protect your data; you are at risk of being exposed and damaged by this breach. You should also take care to avoid giving personal information to anyone you don't know and trust via SMS or email messages. Don't supply hackers with your information; it could be leveraged to further harm you. 

About the Author
IDStrong Logo

Related Articles

Instagram Vulnerability Allowed Hackers Access to Control Your Phone

Security experts Check Point Research discovered a critical vulnerability while examining Instagra ... Read More

Alien Malware Infects More than 226 Mobile Apps and Steals Bank Data

As reported on September 24, 2020, by ZDNet and ThreatPost, a new strain of malware named “A ... Read More

Universal Health Systems Hit by Ransomware Attack

Universal Health Systems (UHS), a Fortune 500 company owning more than 400 hospitals across the co ... Read More

Exchange Server Bug Exposes a Big Risk to Hackers

Months after Microsoft released a patch to fix a serious flaw in MS Exchange Server, more than 61% ... Read More

Clients’ Bank Data Exposed in Blackbaud Ransomware Attack

Blackbaud software was victim to a ransomware attack last May, and new information suggests that c ... Read More

Latest Articles

Snapchat Scams and How to Avoid Them

Snapchat Scams and How to Avoid Them

Snapchat is a mobile-based social media platform owned by Snap Inc. ; it is a global platform, hosting over 734.8 million users, the majority of which are Gen Z. The platform began as a resource for sharing pictures between friends but has evolved to include options for creator content, group conversations, and the sharing of media.

How to Recognize and Avoid Publishers Clearing House Scams

How to Recognize and Avoid Publishers Clearing House Scams

The Publishers Clearing House (PCH) appeared in 1967, promoting magazine subscriptions, merchandise, time-share vacations, and their famous cash prize sweepstakes.

What is a Time Theft and How to Prevent It

What is a Time Theft and How to Prevent It

Time theft happens when employees dishonestly use their paid work hours for personal activities or tasks unrelated to work. Time fraud significantly impacts an organization's productivity, business strategy, finances, and employee morale.

Featured Articles

How to Buy a House with Bad Credit

How to Buy a House with Bad Credit

Buying your own home is the American Dream, but it might seem out of reach to those with bad credit. However, the good news is, if your credit is less than perfect, you do still have options and in most cases, can still buy a home.

How Secure Is Your Password? Tips to Improve Your Password Security

How Secure Is Your Password? Tips to Improve Your Password Security

Any good IT article on computers and network security will address the importance of strong, secure passwords. However, the challenge of good passwords is that most people have a hard time remembering them, so they use simple or obvious ones that pose a security risk.

Top 10 Senior Scams and How to Prevent Them

Top 10 Senior Scams and How to Prevent Them

Senior scams are becoming a major epidemic for two reasons. First, seniors often have a lot of money in the bank from a life of working hard and saving.

Free Identity Exposure Scan
Instantly and Securely Check if Your Personal Information is Exposed on the Dark Web or Sold by Data Brokers
Please enter first name
Please enter last name
Please select a state
Close
Free Identity Threat Scan
Instantly Check if Your Personal Information is Exposed
All fields below are required
Please enter first name
Please enter last name
Please enter a city
Please select a state
Please enter an age
Please enter an email address
Close