Memphis-based First Horizon Bank Discloses Data Breach, Customers Lose Close to $1 Million

By   ISBuzz Team
Writer , Information Security Buzz | Apr 29, 2021 04:30 am PST

BACKGROUND:

First Horizon Bank in Memphis, Tenn., has disclosed that a number of online customer bank accounts were targeted by a data security breach.  The $87.5 billion-asset company said that an unauthorized party obtained login credentials from an unknown source and exploited a vulnerability in third-party security software to gain access to less than 200 accounts, obtaining “less than $1 million” from some of the accounts.