20,000 Records Exposed in Scottrade Bank Data Breach

April 6, 2017, Written By Natalie Rutledge
20,000 Records Exposed in Scottrade Bank Data Breach

Scottrade Bank confirmed that information from 20,000 commercial loan applications was mistakenly posted on an unsecured cloud database. The database has since been secured.

The unencrypted database included 48,000 lessee credit profile rows and 11,000 guarantor rows. Each entry contained names, Social Security numbers, addresses, phone numbers, plain text passwords and other application information.

Chris Vickery of MacKeeper discovered the issue on March 31 as he was searching for random phrases on s3.amazonaws.com. He immediately contacted the company and worked with them to resolve the problem.

Shea Leordeanu, Scottrade spokesperson, said the database was secured in six hours and an investigation is ongoing.

The breach may have been caused by human error. Scottrade’s third party vendor, Genpact, uploaded the data to its cloud servers without the proper security protocols.

“Genpact and Scottrade are working closely together to complete the review and ensure that any risks to customers are duly addressed. We take the care of customers including the confidentiality of their information very seriously,” the Scottrade statement said.

The information contained within this article was accurate as of April 6, 2017. For up-to-date
information on any of the terms, cards or offers mentioned above, visit the issuer's website.

About Natalie Rutledge

Natalie Rutledge majored in Communications at Mississippi State University. She was in sales for a number of businesses and spent nine years working as a communications advisor to various entities. Natalie can be contacted directly at natalie@lowcards.com
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