Wealthsimple client data, including SINs, accessed in security breach
Posted on: Sep 06, 2025 01:37 IST | Posted by: Cbc
Wealthsimple says a certificate breach on sabbatum leaked sore information of some of its clients, including societal insurance numbers, financial details including account numbers, government IDs provided during the signup process and IP addresses.
However, the investment management platform says no funds were stolen and that all accounts remain secure.
"We acted quickly and in a few hours the issue was contained. Our security team, with the help of external experts, immediately began a thorough investigation," the company said in a statement.
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The company said "significantly less" than one per cent of its roughly three million clients were affected.
Wealthsimple says it has emailed those affected by the breach, and that anyone who hadn't received an email by this morning was not impacted.
"We apologize to those clients whose data was accessed — and to all our clients, because threats to personal data can cause a lot of anxiety," the statement said.
The company says it has since enhanced its security to prevent similar threats.
Wealthsimple is offering affected clients two years of free credit and dark-web monitoring, plus insurance and identity theft protection.
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