What happened
Revolut said Thursday that it has not received any direct outreach or demands following reports of a data exposure tied to an unauthorized third party. The comment came after the Financial Times described a public ultimatum on a hackers' website that called for $3 million within a day, with a threat to sell confidential information if unpaid.
What the company says
Revolut described the incident as "a sophisticated external impersonation scam" involving a third party. The company said it cut off the offending address right after it picked up on the activity and noted that the address belonged to a legitimate government email domain. Revolut added that it notified the relevant authorities, including law enforcement, and offered help to affected customers.
Scope and safeguards
The company said on Sept. 12 that only a "limited number" of customers were impacted, and it is understood to be some 680 accounts. Revolut also said its systems remained secure and that customer funds were not affected.
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Bigger picture and reach
Revolut says it serves more than 80 million customers globally and is aiming for 100 million. The fintech carried a $115 billion valuation in July and, in early September, secured conditional approval to run a US national bank - a market it has singled out as a priority.
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