FinTech news in TechCrunch category
However, according to Revolut breach disclosure to the authorities in Lithuania, first spotted by Bleeping Computer, the company says 50,150 customers are impacted by the breach, including 20,687 customers in the European Economic Area and 379 Lithuanian citizens. Fintech startup Revolut has confirmed it was hit by a highly targeted cyberattack that allowed hackers to access the personal details of tens of thousands of customers. However, the breach disclosure states that hackers likely accessed partial card payment data, along with customers’ names, addresses, email addresses, and phone numbers. But Revolut warned that the breach appears to have triggered a phishing campaign, and urged customers to be careful when receiving any communication regarding the breach.
As previously reported in the Irish media, documents filed in the Companies Registration Office in Dublin, Ireland, where Web Summit was originally launched, show that Cosgrave, Web Summit CEO, is listed as a director of the Web Summit Ventures Management Ltd. While it’s been previously reported that Web Summit co-founder, Paddy Cosgrave, will imminently launch his new vehicle, Web Summit Ventures (WSV), the nature and size of the fund has not, until now, been revealed. The move follows an acrimonious fallout between Web Summit’s co-founders, who first started the now-defunct Amaranthine VC fund in 2018, in part to join the ballooning investment ecosystem that had grown up around the Web Summit events. The Amaranthine Fund was set up by Cosgrave; David Kelly, a Web Summit co-founder; and Patrick Murphy, a fund manager, in 2018.
