Banco Santander Reports Data Breach, Reaffirms Transaction Security

There was a malicious incident reported by Bank Santander that involved an individual who had accessed the data of one of its service providers. The malicious incident resulted in a data breach, which affected the bank’s customers and posed a threat to their digital identities. One of the biggest banking institutions in the world, Banco Santander, recently reported that it was accessed by an unauthorized party in a database that contained highly sensitive customer information from Chile, Spain, and Uruguay, resulting in a significant cybersecurity incident. 

Digital security in the banking sector is facing growing challenges as a result of this recent breach, which has been brought to the attention of the Spanish stock market supervisor.

Approximately a year ago, Santander announced a data breach that involved a third-party database hosted by a third-party provider. It contained information about Santander’s clients in three countries, as well as information regarding all Santander employees. 

People have been assured by the bank that there was no transactional data contained in the compromised database nor that login credentials or passwords could be accessed directly to the bank’s banking systems. An attack on a third-party supplier may have compromised the privacy of customers and employees of Santander across Spain, Chile and Uruguay. The bank notified them of the threat. 

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