The UK-headquartered fintech powerhouse Revolut has officially verified that cybercriminals took advantage of counterfeit emergency data requests (EDRs), which they pretended were from governmental and law enforcement entities, to perpetrate fraudulent activities. This led to the unauthorized disclosure of certain customers' personal information. This cybersecurity breach underscores the burgeoning threat posed by social engineering assaults aimed at exploiting the compliance and legal review mechanisms within tech firms. Presently, pertinent regulatory bodies and data protection authorities have initiated inquiries into the matter.
