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Fintech Firm Wealthsimple Says Supply Chain Attack Resulted in Data Breach

Posted on September 8, 2025September 8, 2025 By CWS

Canadian on-line funding firm Wealthsimple on Friday disclosed an information breach impacting the private info of some clients.

Wealthsimple stated the incident, found on August 30, was the results of a provide chain assault involving a software program package deal developed by a trusted third get together that has not been named. 

The corporate stated the package deal had been compromised, however didn’t share every other technical particulars.

Private info belonging to lower than 1% of Wealthsimple clients was compromised on account of the incident, the corporate stated. 

The uncovered info contains contact knowledge, authorities IDs offered throughout sign-up, IP addresses, Social Insurance coverage Numbers, dates of beginning, and monetary knowledge similar to account numbers.

Wealthsimple highlighted that the intrusion was contained inside hours and no funds have been accessed or stolen. Passwords weren’t compromised and accounts “stay totally safe”, it stated.

Impacted people are being notified and supplied with free credit score monitoring and identification theft safety companies. 

Wealthsimple gives on-line cash administration and funding options, together with a managed and automatic investing instrument, a platform for getting and promoting shares and ETFs, and numerous different companies. Wealthsimple’s property beneath administration exceed C$84 billion ($60 million).Commercial. Scroll to proceed studying.

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Security Week News Tags:Attack, Breach, Chain, Data, Fintech, Firm, Resulted, Supply, Wealthsimple

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