Scalable Capital sees large data breach

Daniel Lanyon reports:

Digital wealth manger Scalable notified customers of a large data breach on Monday evening.

Scalable said in a message to customers, seen by AltFi, that personal data was breached by unlawful access

Scalable Capital has taken all necessary security measures and informed the relevant supervisory authorities. Your assets held in safe custody with the custodian bank were not at risk at any stage. The confidentiality of your password for the customer area is also still secure,” it said in the letter.

While the situation is developing, Scalable said that a subset of documents stored in its digital document archive was breached including personal and contact details, data relating to the investment account (such as bank account, portfolio reports, security transaction statements, invoices) and tax data (such as national insurance number).

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