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Tech & Science banking app Dave loses data from 7.5 million users

15:15  27 july  2020
15:15  27 july  2020 Source:   zdnet.de

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Digital banking app Dave .com discloses a security breach after the known threat actor ShinyHunters leaked 7 million user records on a crime forum. According to ZDNet, the security breach originated on the network of a former business partner, Waydev. Dave reported the incident to law enforcement

Overdraft protection and cash advance service Dave has suffered a data breach after a database containing 7 . 5 million user records was sold in an auction and then released later for free on hacker forums. Dave is a fintech company that allows users to link their bank accounts and receive cash

Hack, Sicherheitsluecke (Bild: Shutterstock) © DEFAULT_CREDIT hack, security gap (Image: Shutterstock) hackers penetrate a network of Dave's partner Waydev. This gives them access to user data such as names, addresses and encrypted passwords. The hacker is currently offering the data for download in an underground forum free of charge.

Dave.com, provider of the Dave banking app, has committed a hacker attack. Data from more than 7.5 million users of the app had previously appeared in a public forum. According to the company, the starting point for the break-in was the network of the former partner Waydev, an analytics platform used by developers.

Hack, Sicherheitsluecke (Bild: Shutterstock) © Provided by ZDNet Hack, security breach (Image: Shutterstock) The hacker's access has now been closed, the spokesman continued. At the moment, they are in the process of informing the users concerned. The app passwords would also be reset.

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Bank . Budget. Dave helps over 7 million people thrive, and not just survive between paychecks. Banking for humans™. Meet the banking app that puts your financial mind at ease. For a month, Dave will sync to a user 's account, analyze spending patterns and provide alerts when an account is

Dave , the personal finance app backed by Mark Cuban is getting into the mobile banking market, launching Dave Banking and announcing In conjunction with the launch of its bank , the Los Angeles startup that counts Mark Cuban as an investor raised 0 million in debt led by Victory Park Capital.

"As soon as Dave found out about the incident, the company immediately opened an ongoing investigation and coordinated with law enforcement agencies, including the FBI," Dave said. It also reviews claims that hackers have cracked some of the stolen passwords and are now trying to sell data from Dave users.

ZDNet USA became aware of the incident on Saturday. A reader pointed out that data from app users was published in a hacking forum called RAID. The hacker registered there as ShinyHunters is also well known. He is also said to have sold data from companies such as Mathway, Tokopedia and Wishbone.

The Dave data is currently available as a free download. However, members of the forum must activate access with previously purchased forum credits. Afterwards, interested parties can access names, telephone numbers, email addresses, dates of birth and addresses of users of the banking app. Certain data such as social security numbers should also be available - but only in encrypted form. The same applies to passwords that have been hashed using bcrypt.

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Bank . Budget. Dave helps over 7 million people thrive, and not just survive between paychecks. “Insane bank charges could become a thing of the past with fintech app Dave , which analyzes spending patterns, predicts checking shortfalls—and covers them.”

Expense forecasting - With Dave Banking , users can access Dave ’s AI expense forecasting tool About Dave : Banking For Humans. Dave is the finance version of David and Goliath taking on the big banks . A financial friend to the millions of Americans who use the app , Dave helps with budgeting

The company currently has no evidence that the hackers have also accessed user accounts. No unauthorized transactions were carried out.

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