Figure Technology Solutions has confirmed a data breach resulting from a social engineering attack that compromised an employee account and allowed unauthorized access to a limited number of internal files. The company disclosed the incident after media inquiries and stated that it is continuing to assess the scope and impact of the breach while communicating with affected partners and individuals. Founded in 2018, Figure is a U.S.-based financial technology firm that develops blockchain-powered platforms supporting lending, capital markets, and asset management services. Its offerings include home equity lines of credit (HELOCs), cash-out refinancing, DSCR loans, crypto-backed loans, and the Figure Connect credit marketplace. According to spokesperson Alethea Jadick, attackers successfully deceived an employee through a social engineering tactic, enabling them to exfiltrate certain files. The company has initiated notifications to impacted individuals and is providing complimentary credit monitoring services to those who receive breach notices. However, Figure has not disclosed the total number of affected users or the exact date the breach was discovered. The cybercrime group ShinyHunters has claimed responsibility for the attack, alleging that Figure refused to pay a ransom demand. The group reportedly published approximately 2.5GB of stolen data on the dark web. A review of leaked samples by TechCrunch revealed exposed data including names, addresses, dates of birth, and phone numbers, heightening risks of identity theft and phishing. A group member also indicated the campaign targeted organizations using single sign-on provider Okta.
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