""FinWise contracts with AFF to offer installment loans to consumers. In this arrangement, FinWise is the lender and AFF is the technology provider. FinWise originates the loan and provides funds to the consumer. AFF is contracted to provide the application platform, facilitate the loan origination for FinWise, as well as service the loan on behalf of FinWise," FinWise explained in its notification. "Please note that you may have had, or applied for, a FinWise installment loan, a lease-to-own account, or a retail installment sales agreement account with AFF which was impacted by this security incident," impacted people have been told."
""Hundreds of thousands of individuals have been impacted by an insider breach experienced by FinWise Bank. FinWise Bank, a Utah-based provider of fintech solutions and banking services, has informed the Maine Attorney General's Office on behalf of payment solutions provider American First Finance (AFF) that a data breach discovered last year has impacted 689,000 individuals. The incident involved a former FinWise employee accessing data after their employment ended.""
A data breach discovered in May 2024 involved a former FinWise employee accessing American First Finance (AFF) data after employment ended, affecting 689,000 individuals. FinWise serves as the lender while AFF provides the application platform and loan-origination technology and services. Impacted people may have had or applied for FinWise installment loans, lease-to-own accounts, or retail installment sales agreements serviced through AFF. It remains unclear whether additional data beyond AFF records were accessed or whether the access was malicious or negligent. Affected individuals are being offered 12 months of free credit monitoring and identity theft protection services.
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