The fintech company YouX recently discovered signs of a potential cyber breach, sparking concerns about the safety of sensitive data.

The cybercriminal involved has allegedly accessed a vast amount of data, including details from 629,597 loan applications, 607,822 residential addresses, and personal information such as names and phone numbers for 444,538 individuals. Additionally, information from 229,236 driver’s licenses is said to be compromised.

YouX specializes in providing a digital platform for finance brokers and lenders to streamline the loan application process.

Yesterday, YouX issued a statement revealing that their ongoing investigation confirmed unauthorized access to their systems by an external party.

“We have become aware that a threat actor has released data, claiming it was obtained during this unauthorized access,” the company stated.

YouX acknowledged that as a consequence of this breach, personal information belonging to their users may have been compromised.

“In accordance with our legal obligations, we have kept the Office of the Australian Information Commissioner informed throughout this matter.

“Now that the incident has evolved, we will continue lodging the appropriate regulatory notification. We will also be commencing the appropriate regulatory notifications to affected individuals whose information may have been compromised.”

YouX has implemented additional security and monitoring across its systems and is working to better its response measures.

“We regret that this incident has occurred and recognise the importance of transparency,” the company said.

The hacker also claimed to have taken data belonging to 797 broker organisations and 90 downstream leaders, including some of the major banks. 

The scope of the breach is unclear at this stage. 9news.com.au has approached YouX for further comment.

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