Over 95k M&T Bank Customers Lose Data in Recent Breach

  • By Steven
  • Published: Aug 24, 2023
  • Last Updated: Aug 25, 2023

M&T Bank Data Breach

M&T Bank was established in 1856 and is one of the largest banks in the US. It is based in Buffalo, New York, and currently has over 1,000 branches in 12 separate states. The bank houses data for hundreds of thousands of individuals, and some of that information may be at risk because of a recent breach. Learn all about the 2023 M&T Bank data breach below. 

How Did the Attack Occur?

M&T Bank recently noted that an unauthorized user was able to access its systems and gather information without permission. It's unclear how this user was able to get into the data systems of the bank, but once that occurred, the information was no longer safe. We don't know the specific data that was taken during the attack, but we know that approximately 95,261 Massachusetts residents were impacted by the breach. We also know that some personal data may have been taken in the breach, exposing all of those individuals to potential data losses. The Bank did remark that none of its own data was taken in this breach, so only individuals were affected. 

What Information Was Viewed or Stolen?

While we cannot say for sure what information was stolen from each person involved in this data breach, we know that some Social Security numbers, full names, home addresses, phone numbers, and other potential details were taken from some of the individuals. Anyone who was involved in this breach should receive a notice from M&T explaining the breach and the potential risks to them. If you receive a breach notice, you should take steps to protect your information in the future. 

How Did M&T Bank Admit to the Breach?

M&T Bank took two steps to let people know about the data breach. The first step was to send a notice to the Massachusetts Attorney General's office explaining the situation. The letter tells how many state residents were impacted by this breach potentially, as well as what sort of data was involved in it. The organization is also sending letters to the different people involved. Between these two notification methods, everyone will understand whether their data is involved in the breach or not. 

What Will Become of the Stolen Information?

Since we don't know which attackers are behind this stolen data it's impossible to predict how it's going to be used. Some attackers gather information for future phishing attacks, or to try and unlock passwords to additional services. Others take information to resell it or to demand ransoms from the companies that lost the information originally. Any of these different attacks could occur, but the information stolen is enough to use for phishing attacks and for identity theft attacks. If you receive a letter telling you your data was involved, you should be aware that you're at risk for suffering from additional data losses as well as financial losses. 

What Should Affected Parties Do in the Aftermath of the Breach?

If you learn your information was involved in this M&T breach, you should immediately check your credit for changes. Look closely at your credit report for new accounts you never opened. You also qualify for free credit monitoring services if you receive a letter from the bank. Utilize those services to track your credit and to stay up-to-date about what's happening with your information. If you receive an alert about an unexpected credit change, you can quickly contact the company involved and explain the situation to protect yourself from identity theft issues. 

About the Author
IDStrong Logo

Related Articles

Instagram Vulnerability Allowed Hackers Access to Control Your Phone

Security experts Check Point Research discovered a critical vulnerability while examining Instagra ... Read More

Alien Malware Infects More than 226 Mobile Apps and Steals Bank Data

As reported on September 24, 2020, by ZDNet and ThreatPost, a new strain of malware named “A ... Read More

Universal Health Systems Hit by Ransomware Attack

Universal Health Systems (UHS), a Fortune 500 company owning more than 400 hospitals across the co ... Read More

Exchange Server Bug Exposes a Big Risk to Hackers

Months after Microsoft released a patch to fix a serious flaw in MS Exchange Server, more than 61% ... Read More

Clients’ Bank Data Exposed in Blackbaud Ransomware Attack

Blackbaud software was victim to a ransomware attack last May, and new information suggests that c ... Read More

Latest Articles

Google Voice Scams: What They Are and How to Stay Safe

Google Voice Scams: What They Are and How to Stay Safe

Google Voice scams continue to pose a risk for users of this service. Scammers continuously attempt to lure users into divulging their verification PIN code.

What Are Pretexting Attacks: Scam Types and Security Tips?

What Are Pretexting Attacks: Scam Types and Security Tips?

Have you ever received a text from someone you do not know? Did you become alarmed by the message? Did the message contain information about you and the people you know?

What is a Time-based One-time Password (TOTP)?

What is a Time-based One-time Password (TOTP)?

Authentication is the process that verifies the user's identity to control access to resources, prevent unauthorized users from gaining access to the system, and record user activities (to hold them accountable for their activities).

Featured Articles

How to Buy a House with Bad Credit

How to Buy a House with Bad Credit

Buying your own home is the American Dream, but it might seem out of reach to those with bad credit. However, the good news is, if your credit is less than perfect, you do still have options and in most cases, can still buy a home.

How Secure Is Your Password? Tips to Improve Your Password Security

How Secure Is Your Password? Tips to Improve Your Password Security

Any good IT article on computers and network security will address the importance of strong, secure passwords. However, the challenge of good passwords is that most people have a hard time remembering them, so they use simple or obvious ones that pose a security risk.

Top 10 Senior Scams and How to Prevent Them

Top 10 Senior Scams and How to Prevent Them

Senior scams are becoming a major epidemic for two reasons. First, seniors often have a lot of money in the bank from a life of working hard and saving.

Notice

By proceeding with this scan, you agree to let IDStrong run a Free Scan of supplied parameters of your personal information and provide free preliminary findings in compliance with our Terms of Use and Privacy Notice. You consent to us using your provided information to complete the Free Scan and compare it against our records and breach databases or sources to provide your Free preliminary findings report.

Rest assured: IDStrong will not share your information with third parties or store your information beyond what is required to perform your scan and share your results.

Free Identity Threat Scan
Instantly Check if Your Personal Information is Exposed
All fields below are required
Please enter first name
Please enter last name
Please enter a city
Please select a state
Please enter an age
Please enter an email address
Close