Israeli Investment Firm Meitav Trade Suffers Major Data Breach
Meitav Trade, an Israeli investment company, has experienced a significant data breach affecting over 3,000 clients, according to Channel 12. Hackers gained unauthorized access to sensitive personal and financial information, including phone numbers, passport details, and bank account information. The company's management was reportedly unaware of the breach for an extended period. The security vulnerability was only discovered after attackers began sending phishing SMS messages to clients, posing as verification requests.
During the investigation, actual attempts were documented where cybercriminals tried to alter linked phone numbers within the system. This tactic, experts suggest, indicates a well-prepared attack aimed at directly causing financial harm to clients by gaining complete control over their funds.
In response to the unfolding scandal, Meitav Trade officially notified the Tel Aviv Stock Exchange. News of the data leak caused the company's stock to plummet by over 5%. Representatives from Meitav Trade stated that the breach did not occur on their own servers but rather on the infrastructure of a third-party contractor.
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