HackingFinancial ServicesFinanceStolen CredentialsCustomer Data InvolvedIdentity (basic)Financial accountGovernment IDMediumContained

Varo Bank, National Association

bd_11e27d56c7b6753d · schema v1 · pii pii-v1

Severity

Medium

Discovered

Mar 12, 2024

Filed

May 7, 2024

To disclose

8 weeks

Affected

13state residents only

Linked

5 filings

Confidence

66%

All records for Varo Bank, National Association →

Account takeover notice

Varo Bank, National Association notified customers of unauthorized access to their accounts. The filing says: “Varo believes that your credentials were used by an unauthorized third party…”

Varo Bank, N.A. notified Montana customers of unauthorized account access using stolen credentials starting March 12, 2024. Affected data included names, addresses, bank account numbers, and partial SSNs. Varo blocked the activity, investigated, and offered 12 months of TransUnion credit monitoring.

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Incident timeline

discovery → filing · 8 weeks / 56 days

Mar 12, 2024

Discovered

May 7, 2024

Filed

vs. sector median

on median

This filing is one of 5 filings about the same incident.View merged incident

Linked disclosures

Why this link?

Regulatory filings (4) · sorted by filing gap

Vermont State AGbd_036b60ed2a159b942024-05-07Verified
Massachusetts State AGbd_5cef6e733a81b4da2024-05-07Verified
Maine State AGbd_70cc782e61e6813b2024-05-07Verified
California State AGbd_8777007060b756ca2024-05-07Verified

Name: Varo Bank, National Association
norm: varo bank national

Name: Varo Bank, National Association
norm: varo bank national
Industry: Financial Servicesllm

Discovered: Mar 12, 2024
Materiality determined: —
Notification sent: May 7, 2024
Affected individuals: 13state-resident count only
Data types: Identity (basic)Financial accountGovernment ID
Data elements: Social Security number
Attack vector: Unauthorized Access
MITRE ATT&CK: T1078 Valid Accounts
Threat actor: ExternalFinancial
Initial access: valid_credentials

During the incident: Varo promptly took action to block the activity and begin an investigation
Varo undertook a thorough review of the customer portal to determine what data may have been accessible
Providing you access to credit monitoring services for 12 months, through TransUnion, at no cost to you
Source: Quoted from the filing itself, not independently verified.

Time to disclose: 8 weeks(56 days from discovery to filing)
Compliance flags: — (clock not assessable for this source)

Status: No extraction artifact recorded for this disclosure.

Filing propagation · 5 filings · 5 states

View merged incident ↗

Vermont State AGMay 7 · first

Massachusetts State AGMay 7 · first

Maine State AGMay 7 · first

California State AGMay 7 · first

Montana State AGMay 7 · first · this page

Evidence ladder

Leak-site claim

Attacker assertion only. Establishes: claim date, group, alleged victim.

Press / market report

Unlocks: incident narrative, operational impact. Still no compliance clock.

State AG / regulator filingThis record

Unlocks: discovery date, data types, affected count, compliance clock.

SEC 8-K / victim statement

Unlocks: materiality, stated response, full audit trail. Ceiling removed.

Source URL: https://dojmt.gov/wp-content/uploads/OCP/Consumer-notification-letter-1344.pdf
DisclosureLens links to the originating regulator URL — full filing bodies are not redistributed from public surfaces (§4.5).
Filed at: May 7, 2024
Raw hash: 928adaeee1c9f5440fabad1cd292b8568cd05f55085fcea6e835b091e7d7eab4

Linked disclosures

Regulatory filings (4) · sorted by filing gap

Reporting entityVaro Bank, National Association

Victim entityVaro Bank, National Association

Incidentdiscovered Mar 12, 2024

Stated responseVaro promptly took action to block the activity and begin an investigation

Complianceclock not assessable

Extraction provenanceno artifact recorded

Source provenancedojmt.gov