HackingFinancial ServicesFinanceCustomer Data InvolvedData ExfiltratedIdentity (basic)Financial accountFinancial credentialsMediumContained

Varo Bank, National Association

bd_70cc782e61e6813b · schema v1 · pii pii-v1

Severity

Medium

Discovered

Apr 10, 2024

Filed

May 7, 2024

To disclose

27 days

Affected · nationwide

7,00713 in this filing

Linked

5 filings

Confidence

65%

Full breach record for Varo Bank, National Association →

Varo Bank, N.A. reported a data breach affecting 7,007 individuals, which occurred on March 12, 2024, and was discovered on April 10, 2024. The breach was an external system hack that exposed names and financial account or payment card numbers along with their associated security codes, access codes, passwords, or PINs. The bank notified affected individuals electronically on May 7, 2024, and offered credit monitoring and identity restoration services.

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Maine clockDiscovered Apr 10, 2024 → Filed with AG May 7, 202427d ✓ ME AG ≤30d27 days discovery → filing

⚠ AG web formThe discovery date came from the AG web-form field, which is systematically later than the detection date stated in the letter. Treat the clock as indicative.

Incident timeline

undetected · 29 days

discovery → filing · 27 days

Mar 12, 2024

Begins

Apr 10, 2024

Discovered

May 7, 2024

Filed

vs. sector median

5 wks faster

This filing is one of 5 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
Montana State AGbd_11e27d56c7b6753d2024-05-07Candidate
Massachusetts State AGbd_5cef6e733a81b4da2024-05-07Verified
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: Apr 10, 2024
Breach occurred: Mar 12, 2024
Undetected for: 29 daysoccurrence → discovery
Materiality determined: —
Notification sent: May 7, 2024
Affected individuals: 7,007state + nationwide
Data types: Identity (basic)Financial accountFinancial credentials
Data elements: Financial account number
Attack vector: Unauthorized Access
Threat actor: ExternalFinancial

During the incident: Notified affected individuals electronically
Offered Credit Monitoring and Identity Restoration Services, through TransUnion
Source: Quoted from the filing itself, not independently verified.

Time to disclose: 27 days(27 days from discovery to filing)
Compliance flags: ME AG ≤30d · 27d
Discovery-date grounding: AG web formThe discovery date came from the AG web-form field, which is systematically later than the detection date stated in the letter. Treat the clock as indicative.
Clock breakdown: Statute Window Elapsed Threshold Status
Maine
Discovered: Apr 10, 2024
→ Filed with AG: May 7, 2024
27d 30 days ME AG ≤30d

Statute	Window	Elapsed	Threshold	Status
Maine	Discovered: Apr 10, 2024 → Filed with AG: May 7, 2024	27d	30 days	ME AG ≤30d

Status: No extraction artifact recorded for this disclosure.

Filing propagation · 5 filings · 5 states

View merged incident ↗

Vermont State AGMay 7 · first

Montana State AGMay 7 · first

Massachusetts State AGMay 7 · first

California State AGMay 7 · first

Maine 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://www.maine.gov/agviewer/content/ag/985235c7-cb95-4be2-8792-a1252b4f8318/ff99ce4b-7e31-4485-9a6a-e03a50758987.shtml
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: 746a1651ee3359ce59164916c1f51caf617afbbf40dbd2600df7c9f49c2e35b2

Linked disclosures

Regulatory filings (4) · sorted by filing gap

Reporting entityVaro Bank, National Association

Victim entityVaro Bank, National Association

Incidentdiscovered Apr 10, 2024

Stated responseNotified affected individuals electronically

ComplianceME AG ≤30d

Extraction provenanceno artifact recorded

Source provenancewww.maine.gov