Acuity Brands Addresses Data Security Incident - Benzinga
Acuity Brands Addresses Data Security Incident
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PRNewswire
December 6, 2022 7:15 PM | 3 min read
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ATLANTA, Dec. 6, 2022 /PRNewswire/ -- Today, Acuity Brands, Inc. is providing notice to individuals after it detected a data security incident.
Acuity Brands identified a data security incident, immediately took steps to secure its systems, and a third-party cybersecurity firm was engaged to conduct a thorough investigation. This notice explains the incident and the measures Acuity has taken in response.
The investigation determined that an unauthorized person obtained access to some of Acuity's systems on December 7 and December 8, 2021, and copied a subset of files out of its network during that time. During the investigation, Acuity also discovered evidence of an unrelated incident of unauthorized access that occurred on October 6 and October 7, 2020, which included an attempt to copy certain files out of its network. Acuity conducted a review of the files from both incidents. The review identified that they contained personal information for current and former employees and members of Acuity's health plan. Our investigation concluded that only employee data was involved and sensitive customer data was not impacted.
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The files involved in the December 2021 incident may have included the name, Social Security number, and enrollment and claims information related to current and former employees' participation in Acuity's health plan. In addition, the information in the files may have included the name, driver's license number, financial account information, and limited health information related to other aspects of an individual's employment with Acuity, such as injury information related to workers compensation claims or related to requests for leave under the Family and Medical Leave Act. The types of information in the files were not the same for all individuals.
The information involved in the October 2020 incident may have included the name, Social Security number, driver's license number, financial account information, limited health information related to other aspects of an individual's employment with Acuity, such as injury information related to workers compensation claims or related to requests for leave under the Family and Medical Leave Act. The types of information in the files were not the same for all individuals, but the investigation confirmed that there was no information related to Acuity's health plan involved in the 2020 incident.
Acuity is mailing letters to involved individuals for whom Acuity has an address and offering eligible individuals credit monitoring services. Information about the incidents can be found on Acuity's website at www.acuitybrands.com. If you believe you may be affected but did not receive a letter, please contact Acuity's toll-free dedicated external call center at (855) 504-3853, Monday through Friday from 9:00 a.m. until 6:30 p.m. EST, excluding some major U.S. holidays. Acuity has enhanced its existing security protocols and technical safeguards to further secure its environment and to help prevent a similar incident in the future.
View original content:https://www.prnewswire.com/news-releases/acuity-brands-addresses-data-security-incident-301696492.html
SOURCE Acuity Brands, Inc.
© 2023 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Posted In: Press Releases
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by
PRNewswire
December 6, 2022 7:15 PM | 3 min read
FREE REPORT: Click to Get the Benzinga Pro Insider report (no credit card needed)
ATLANTA, Dec. 6, 2022 /PRNewswire/ -- Today, Acuity Brands, Inc. is providing notice to individuals after it detected a data security incident.
Acuity Brands identified a data security incident, immediately took steps to secure its systems, and a third-party cybersecurity firm was engaged to conduct a thorough investigation. This notice explains the incident and the measures Acuity has taken in response.
The investigation determined that an unauthorized person obtained access to some of Acuity's systems on December 7 and December 8, 2021, and copied a subset of files out of its network during that time. During the investigation, Acuity also discovered evidence of an unrelated incident of unauthorized access that occurred on October 6 and October 7, 2020, which included an attempt to copy certain files out of its network. Acuity conducted a review of the files from both incidents. The review identified that they contained personal information for current and former employees and members of Acuity's health plan. Our investigation concluded that only employee data was involved and sensitive customer data was not impacted.
This is how you can potentially earn extra income every single month..
Benzinga's full-time trader Chris Capre is sending simple options trade alerts to traders like you. Click Here to get his trades for only $0.99!
The files involved in the December 2021 incident may have included the name, Social Security number, and enrollment and claims information related to current and former employees' participation in Acuity's health plan. In addition, the information in the files may have included the name, driver's license number, financial account information, and limited health information related to other aspects of an individual's employment with Acuity, such as injury information related to workers compensation claims or related to requests for leave under the Family and Medical Leave Act. The types of information in the files were not the same for all individuals.
The information involved in the October 2020 incident may have included the name, Social Security number, driver's license number, financial account information, limited health information related to other aspects of an individual's employment with Acuity, such as injury information related to workers compensation claims or related to requests for leave under the Family and Medical Leave Act. The types of information in the files were not the same for all individuals, but the investigation confirmed that there was no information related to Acuity's health plan involved in the 2020 incident.
Acuity is mailing letters to involved individuals for whom Acuity has an address and offering eligible individuals credit monitoring services. Information about the incidents can be found on Acuity's website at www.acuitybrands.com. If you believe you may be affected but did not receive a letter, please contact Acuity's toll-free dedicated external call center at (855) 504-3853, Monday through Friday from 9:00 a.m. until 6:30 p.m. EST, excluding some major U.S. holidays. Acuity has enhanced its existing security protocols and technical safeguards to further secure its environment and to help prevent a similar incident in the future.
View original content:https://www.prnewswire.com/news-releases/acuity-brands-addresses-data-security-incident-301696492.html
SOURCE Acuity Brands, Inc.
© 2023 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Posted In: Press Releases
Create a Watchlist
FREE: Follow your stocks and cryptocurrencies with the most actionable alerts on the internet.
CLICK TO GET STARTED
Top Stories
1
No IRS, No Income Tax? House Republicans To Vote On Bill That Would Allow Americans To 'Keep Every Cent Of Their Hard-Earned Money'
2
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3
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4
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Edianyun Resubmitted to HKEX, with its outstanding remanufacturing capacity of 600,000 devices in a year
Vedic Tiger revives a collection of potent 100% natural and pure medicinal plant-based beauty and wellness products
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Embedded Finance Is Fast Becoming A Viable Alternative To Traditional Banking For Many Financial Services
by
Faith Ashmore
January 10, 2023 8:11 AM | 4 min read
Advertiser Disclosure
Embedded Finance Is Fast Becoming A Viable Alternative To Traditional Banking For Many Financial Services
It may now be less necessary for Americans to rely on a bank to succeed financially. As e-commerce grows and digital products become more available, embedded finance has become an option for consumers and companies. Embedded finance comprises non-financial companies offering financial products and services. These products and services can include debit cards, payment programs, accounting software, etc.
An example of embedded finance in action is how Uber now offers its drivers a debit card where the money they make on the app can be put on an Uber debit card, circumventing a traditional banking institution for its drivers. Certain brands now offer flexible payment options through e-commerce platforms like Klarna; Klarna partners with many retailers like Ulta Beauty to offer its customers an option to pay in full or to sign up for payment installments through Klarna which will break the purchase into several smaller payments.
It's estimated that embedded financial services will produce $230 billion in revenues by 2025, a significant increase over the $22.5 billion generated in 2020. One of the main draws of embedded finance is the flexibility and increased options that customers gain. For businesses, embedded finance increases engagement. 88% of companies that implemented some degree of embedded finance reported increased engagement and 85% reported that the embedded finance options helped them acquire new customers.
Embedded finance is only expected to grow. More than 33% of global card spending takes place online; in the U.S. over 50% of spending takes place digitally. As Gen Z comes of age, these percentages can be expected to climb.
Companies like Inter&Co
INTR
+ Free Alerts
understand the importance of embedded finance in a growing digitized world. Inter is a digital bank that offers a complete range of services in banking, investments, credit, insurance, and cross-border services. The company operates in Brazil and the United States. Everything on the platform is integrated into a simple, easy-to-use app. Inter is now focused on expanding its Super App capabilities to the U.S. With the acquisition of remittances business USEND, Inter&Co began offering a global account and remittances services to both Brazilians abroad and locals.
Inter recently announced they have become a certified payment provider with Amazon. Now Inter’s Brazilian clients who are sellers on Amazon Marketplace will be able to receive and send payments directly to their Inter digital accounts.
Aloisio Matos, Head of Cross-Border at Inter, shared, "Becoming a certified provider with Amazon is an important milestone for Inter as we continue supporting our commitment to making our clients' lives easier and helping them achieve their financial goals. To make this happen, we have swiftly and successfully implemented significant technical and security developments. We are excited to see this development as it brings benefits and peace of mind to our users."
Inter is using embedded finance to empower entrepreneurs to succeed financially. Embedded finance could be a big player in e-commerce in the coming years and companies like Inter can become essential to small businesses that are looking to leverage embedded finance to succeed in their goals.
One way Inter is succeeding in building a powerful platform that goes beyond banking is through its Inter Shop. Inter Shop started in 2020 and is a marketplace for its users to shop at. Inter Shop has major partnerships like Amazon, Nike, and Magalu. The marketplace allows customers to access retail goods and get cashback without ever needing to leave the platform. As more people are drawn to simple e-commerce opportunities, platforms like Inter have the possibility to lead the pack and gain customers. While the rest of the banking industry offers 4-5% cash back at the most, Inter is able to offer 10% cash back for purchases made with major brands and retailers, such as Apple, Target, Amazon, or airlines such as Delta, American Airlines, and Southwest.
Supported by the success of the Super App in Brazil, Inter is rolling out more and more financial and non-financial services through its Super App to U.S. customers. Ultimately, Inter sees its users around the world using the app for shopping, insuring cards, investing through the investment platform, buying plane tickets, paying trip expenses through its Global Account…and more, all in a single app.
