EasyEquities warns clients after third-party security breach
EasyEquities has warned some clients that personal information may have been exposed after a third-party identity-verification provider suffered a security breach. The platform says accounts, investments and trading were not affected.
South African online investment platform EasyEquities has issued a warning to some of its clients after a third-party service provider experienced a security breach. EasyEquities, which is one of the largest online investment platforms in South Africa and part of the JSE-listed financial services and technology group Purple Group, confirmed the incident on September 10.
The provider, responsible for a portion of EasyEquities' client identification and verification process, stated that unauthorized access was gained to its system.
EasyEquities acted swiftly, disabling its integration with the provider the following day, September 11. According to the company, the breach only affects clients whose information passed through the specific provider, rather than all clients on the platform. EasyEquities' spokesperson emphasized that clients' accounts, investments, and ability to trade have remained unaffected. The company promptly contacted the impacted clients to provide further information.
The security breach does not involve EasyEquities' own trading, custody, or account systems. The firm is continuing to collaborate with the provider as they investigate the incident. Additionally, EasyEquities has enlisted the help of independent cybersecurity specialists and is accelerating the implementation of two-factor authentication across its platform to enhance security measures.
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