Scalable Capital suffers data breach

Scalable Capital has notified its customers of a data breach earlier this week.

A message sent to users explained that personal data was breached by unlawful access on Monday – with all “necessary security measures” taken and relevant supervisory authorities informed.

“Your assets held in safe custody with the custodian bank were not at risk at any stage,” read the statement, adding: “The confidentiality of your password for the customer area is also still secure.”

While the situation is still developing, Scalable said that a subset of documents stored in its digital document archive was breached – including personal and contact details, data relating to the investment account and tax data.

The digital investment manager offered customers 12 months of free credit and web monitoring services, provided by Experian, to enhance the protection of personal data.

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