On June 30, 2023, City National Bank of Florida (“CNBF”) filed a notice of data breach with the Attorney General of Maine, explaining that 36,306 of the bank’s customers were affected by a data breach involving software called MOVEit. Although the breach did not impact CNBF’s computer systems, the bank explains that the incident resulted in an unauthorized party being able to access consumers’ sensitive information, which includes their first and last names, dates of birth, bank account numbers, Social Security numbers, email addresses and mailing addresses. Upon completing its investigation, CNBF began sending out data breach notification letters to all individuals whose information was affected by the recent data security incident.
If you received a data breach notification from the City National Bank of Florida, it is essential you understand what is at risk and what you can do about it. As we’ve reported previously, the vulnerability within the MOVEit file-transfer software has affected millions of consumers, a number that continues to grow each day. The MOVEit data breach may very well prove to be one of the largest of 2023. And while it may be reassuring to know that you are not in this alone, the potential impact of the breach on your life should not be underestimated. A data breach lawyer can help you learn more about how to protect yourself from becoming a victim of fraud or identity theft as well as discuss your legal options following the City National Bank of Florida / MOVEit data breach. For more information, please see our recent piece on the topic here.
What Caused the Breach Affecting City National Bank of Florida Customers?
The City National Bank of Florida data breach was only recently announced, and more information is expected in the near future. However, CNBF’s filing with the Attorney General of Maine provides some important information on what led up to the breach. According to this source, CNBF uses a file-transfer software created by Progress Software, LLC, called MOVEit. On May 31, 2023, Progress Software announced a zero-day vulnerability affecting MOVEit. The vulnerability allowed hackers to view and remove data that was transferred using the software.
After learning about the zero-day vulnerability, CNBF immediately launched an investigation to determine whether customer information was affected. On June 3, 2023, the City National Bank of Florida was able to confirm that certain confidential information stored within the company's MOVEit platform was accessed and removed on May 29th or May 30th by an unauthorized party.
After learning that sensitive consumer data was accessible to an unauthorized party, City National Bank of Florida reviewed the compromised files to determine what information was leaked and which consumers were impacted. While the breached information varies depending on the individual, it may include your first and last name, date of birth, bank account numbers, Social Security number, email address and mailing address.
On June 30, 2023, City National Bank of Florida sent out data breach letters to anyone who was affected by the recent data security incident.
More Information About City National Bank of Florida
With roots dating back to 1926, City National Bank of Florida is a financial institution based out of Miami, Florida. CNBF provides individual and corporate clients with a wide range of traditional banking services, as well as private banking and wealth management services. City National Bank of Florida operates 31 branches throughout Florida. In 2015, CNBF was purchased by the Chilean bank Banco de Crédito e Inversiones. City National Bank of Florida employs more than 1,017 people and generates approximately $379 million in annual revenue.
