ABN Amro Details

ABN Amro

Amsterdam, Netherlands • 22500 employees • Financial services

Industry

Financial services

Security Incidents

ABN Amro is a Dutch banking group headquartered in Amsterdam. It provides retail, corporate, and private banking services with a focus on the Netherlands and select international markets. With roots tracing back to the 19th century, ABN Amro is one of the largest banks in the Netherlands today.

Security Incidents

ABN Amro Breach of May 2024

Severity Score

Moderate to Significant

Type

3rd Party Compromise

Summary

ABN Amro disclosed a data breach after its third-party service provider AddComm suffered a ransomware attack. The attack allowed unauthorized parties to potentially access data of some ABN Amro clients. ABN Amro has stopped using AddComm's services and is contacting impacted clients while notifying regulators. AddComm contained the incident but the data stolen is still being investigated with security experts. ABN Amro's own systems were not affected, but it warns clients about potential phishing attempts using stolen data.

Severity

The severity of the breach appears relatively contained, as the report states that unauthorized parties may have obtained access to data of a limited number of ABN Amro clients. However, the exact scope and type of data stolen is still under investigation by external cybersecurity experts. At this point, there are no indications that the stolen data has been misused to target ABN Amro clients.

Impact

A data breach occurred at ABN Amro's third-party service provider AddComm, potentially exposing data of ABN Amro clients. ABN Amro is directly contacting any clients whose data may have been involved in the attack by AddComm's ransomware attackers. The Dutch bank has over 5 million retail, corporate, and private banking clients who could potentially be impacted by this data breach.