Affirm Card Users' Data Compromised in Evolve Bank Cybersecurity Breach: Report
Portfolio Pulse from Anusuya Lahiri
Affirm Holdings Inc (NASDAQ:AFRM) reported a cybersecurity breach at Evolve Bank and Trust, affecting Affirm card users' data. Affirm's systems were not compromised, and card usage remains unaffected. The breach has led to a minor premarket decline in AFRM shares.
July 02, 2024 | 12:29 pm
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NEGATIVE IMPACT
Affirm Holdings Inc (AFRM) announced a data breach at Evolve Bank affecting its card users. Affirm's systems were not compromised, and card usage remains unaffected. AFRM shares were down 0.80% premarket.
The data breach at Evolve Bank, a third-party issuer of Affirm cards, has led to a minor decline in AFRM shares premarket. Although Affirm's systems were not compromised, the news could negatively impact investor sentiment in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
Global X FinTech ETF (FINX) holds Affirm Holdings Inc (AFRM) shares, which reported a data breach at Evolve Bank. AFRM shares were down 0.80% premarket.
FINX holds AFRM shares, which reported a data breach. The minor premarket decline in AFRM shares could slightly impact FINX's performance.
CONFIDENCE 80
IMPORTANCE 50
RELEVANCE 50
NEGATIVE IMPACT
Amplify Mobile Payments ETF (IPAY) holds Affirm Holdings Inc (AFRM) shares, which reported a data breach at Evolve Bank. AFRM shares were down 0.80% premarket.
IPAY holds AFRM shares, which reported a data breach. The minor premarket decline in AFRM shares could slightly impact IPAY's performance.
CONFIDENCE 80
IMPORTANCE 50
RELEVANCE 50