Evolve Bank & Trust to Pay $11.85 Million Settlement Over 2024 Data Breach
Evolve Bank & Trust agreed to an $11.85 million settlement to resolve a class action lawsuit stemming from a 2024 data breach. The breach, attributed to the LockBit ransomware group, occurred between February and May 2024 when an employee inadvertently clicked on a malicious link, leading to unauthorized access and download of customer information. The compromised data included names, Social Security numbers, Evolve account numbers, dates of birth, and contact information for approximately 18 million individuals.
Signal context
First seen: Apr 8, 2025
Last updated: Jun 26, 2026
Status: Public signal
Key points
- Settlement agreement for $11.85 million disclosed on April 8, 2025.
- Resolves class action lawsuit over a 2024 data breach.
- Breach occurred between February and May 2024.
Signal analysis
BetaThis analysis groups the signal by industry, likely incident action and impacted security area. It helps compare this signal with other published signals without treating the labels as final determinations.
Sector: Finance and Insurance
Likely country: Location not provided
The feed marks multiple actor roles. Treat this as a review signal rather than a final attribution.
- Source type: outside the affected organization
- Source type: possible insider or internal misuse
Impact area: Confidentiality, Availability
Likely asset: User or customer data
- 21 signals in the same sector
- 100 signals with the same likely impact area
- 1 signal linked to this organization/domain
External sources
Evolve Bank settles for $11.9 million over 2024 data breach | American Bankerhttps://www.americanbanker.com/news/evolve-bank-settles-for-11-9-million-over-2024-data-breachPublic source from americanbanker.com.
Cybersecurity Incident: Frequently Asked Questions - Evolve Bankhttps://www.evolvebank.com/cybersecurity-incident-frequently-asked-questionsPublic source from evolvebank.com.
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