Texas Dow Employees Credit Union Details

    Organization Logo

    Texas Dow Employees Credit Union

    Lake Jackson, Texas • 900 employees • Financial Services

    https://www.tdecu.org/
    United States

    Industry

    Financial Services

    Security Incidents

    1

    Texas Dow Employees Credit Union (TDECU) is a not-for-profit financial cooperative headquartered in Lake Jackson, Texas. The organization primarily provides financial services such as savings accounts, checking accounts, loans, credit cards, and wealth management services to its members. TDECU aims to offer affordable financial solutions while promoting financial literacy and well-being among its membership.

    Founded in 1955, TDECU originally served employees of Dow Chemical Company. Over the years, the credit union has expanded its membership base and now serves over 300,000 members across Te...
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    Security Incidents

    Texas Dow Employees Credit Union Breach of Jul 2024
    Severity Score
    Significant to High

    Type

    Zero-Day Exploit

    Summary

    On July 30, 2024, Texas Dow Employees Credit Union (TDECU) confirmed that personal information of over 500,000 individuals had been compromised during the MOVEit campaign carried out by the Cl0p ransomware group. The breach was initially reported on May 31, 2023, when Progress Software identified a zero-day vulnerability in its MOVEit Transfer software, labeled as CVE-2023-34362. This vulnerability allowed unauthorized access to sensitive customer data.

    The exposed data includes names, dates of birth, Social Security numbers, bank account numbers, credit card numbers, driver’s license numbers...
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    Severity

    The cyber incident involving Texas Dow Employees Credit Union (TDECU) was particularly severe. Hackers from the Cl0p ransomware group exploited a zero-day vulnerability in the MOVEit Transfer software, impacting over 96 million people globally. Specifically, for TDECU, the breach compromised sensitive personal information, including Social Security numbers, bank account details, and driver’s license numbers of over 500,000 individuals. Although no instances of identity or financial fraud have been reported, the sheer scale and sensitivity of the data involved elevate this incident's severity. ...
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    Impact

    The cyber incident involving Texas Dow Employees Credit Union (TDECU) was a significant data breach orchestrated by the Cl0p ransomware group. This breach resulted in the exposure of personal information for over 500,000 individuals, affecting a wide range of sensitive data such as names, dates of birth, Social Security numbers, bank account details, credit card information, driver's license numbers, other identification numbers, and taxpayer identification numbers.

    Despite the extensive data compromised, TDECU reported that none of its systems or services were taken offline, and there has be...
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