Wealthsimple has confirmed a data breach that compromised sensitive customer details, raising serious concerns about security in the fast-growing WealthTech sector.
Scary part is that fintechs build trust on convenience, but one breach like this makes you wonder if the tradeoff is worth it. We’ve already seen traditional institutions hit too — Carter Credit Union (https://mydatabreachattorney.com/case/carter-credit-union-data-breach/) recently reported a data breach that exposed highly sensitive customer info. It feels like no corner of finance is safe right now.
Scary part is that fintechs build trust on convenience, but one breach like this makes you wonder if the tradeoff is worth it. We’ve already seen traditional institutions hit too — Carter Credit Union (https://mydatabreachattorney.com/case/carter-credit-union-data-breach/) recently reported a data breach that exposed highly sensitive customer info. It feels like no corner of finance is safe right now.