TMX Finance Suffers a Cyber Breach, and Customer Data is Exposed

  • By Steven
  • Published: Apr 03, 2023
  • Last Updated: Apr 04, 2023

TMX Finance Data Breach

TMX Finance is a large financial company that specializes in short-term loans for in-need individuals. The company has been in operation since 1998 and runs businesses like InstaLoan, TitleMax, and TitleBucks. The organization maintains more than 900 locations in 14 separate states and employs more than 2,000 individuals overall. This large finance company recently suffered from a cyber attack that exposed some of its customers in a serious way. 

How Did the Attack Occur?

TMX Finance was breached by one or more attackers that found a way to break into the company's file systems. The breach first occurred in December of 2022, and there are records of files being removed from the system between February 3 and February 14, 2023. Some of those files contained a large amount of consumer information that puts the users at a major risk. 

What Information Was Viewed or Stolen?

A great deal of information was taken from the TMX Finance servers. Some of it was very personal and protected information, such as Social Security numbers, driver's license numbers, financial account details, tax ID numbers, and passport numbers. Consumers also lost more basic information like their full names, phone numbers, email addresses, home address, dates of birth, and more. The stolen data was different for everyone involved, but generally, the details taken were about customers that worked with TMX Finance or one of the companies it owns and operates. 

How Did TMX Finance Admit to the Breach?

TMX sent a detailed letter to the Maine Attorney General, breaking down the scope of the information lost in the attack and explaining what sort of consumers were hit by the cyber attack. The letter was just the first notice sent out about this incident, and custom letters will be mailed to anyone involved in the incident as well. 

What Will Become of the Stolen Information?

Much of the information stolen from TMX servers will be used to commit fraud, sold off to interested buyers, and leveraged for phishing scams and other attacks. The attackers want to generate a profit from the information stolen and will misuse the information as much as possible to achieve that goal. 

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

If your data was taken during this breach, you should take immediate steps to protect yourself. More than 4,800,000 individuals were hit by this breach, and if you're one of them, you should start by getting copies of your credit reports to see if any strange accounts have been opened recently. You should also monitor all your financial accounts to monitor for strange purchases. You could put a freeze on your credit to stop the attackers from using your information to open accounts. You could also invest in identity theft protection services that will monitor your accounts for you and give you active alerts about what is happening with your account. Being proactive about your personal protection can stop this attack from harming you in a serious way. 

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

What is Single Sign-On: The Benefits and Importance of Implementing SSO

What is Single Sign-On: The Benefits and Importance of Implementing SSO

Every day, more people get online - most do it for leisure, but organizations are increasingly moving into the digital environment.

Personal vs Sensitive Personal Information (SPI): What’s the Difference

Personal vs Sensitive Personal Information (SPI): What’s the Difference

What is there to know about a person? Certainly, their name, but how about their affiliations, philosophical beliefs, or sexual orientation?

What Is An On-Path Attack and How Does It Work? 

What Is An On-Path Attack and How Does It Work? 

Suppose someone left their home, got in their car, and drove to the grocery store. Much like data packets that travel over Internet highways, the car will use various pathways to reach its destination; however, once the car gets to the store, a question remains: what happened between the generating point and the destination?

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