Hilltop Holdings Said On June 27, A Third-party Vendor Confirmed A Security Incident To PlainsCapital Bank, In Which A Zero-day Vulnerability In The Vendor's Moveit Transfer Application Was Exploited, Likely Leading To Unauthorized Access To Data Specific To Substantially All Of The Bank's Customers
Portfolio Pulse from Charles Gross
Hilltop Holdings (HTH) reported a security incident at PlainsCapital Bank, caused by a third-party vendor's zero-day vulnerability. The incident likely led to unauthorized access to data of most of the bank's customers. Despite this, there has been no significant interruption to the bank's operations. HTH has incurred and may continue to incur expenses related to this incident.
July 03, 2023 | 11:22 am
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Hilltop Holdings' PlainsCapital Bank suffered a security breach due to a third-party vendor's vulnerability. The company has incurred and may continue to incur expenses due to this incident.
The security breach at PlainsCapital Bank, a subsidiary of Hilltop Holdings, could potentially lead to financial and reputational damage. The company has already incurred expenses due to this incident and may continue to do so, which could negatively impact its financial performance in the short term.
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