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Flaw in Revolut payment systems exploited to steal $20 million

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Revolut’s cybersecurity troubles

Revolut is a privately held financial technology company that offers a variety of services to over 30 million customers around the globe. It is headquartered in London and licensed and regulated by the Bank of Lithuania (within the EU).

In September 2022, the company suffered a data breach that affected 50,150 customers worldwide: the attackers grabbed those customers’ names, addresses, email addresses, telephone numbers, part of the payment card data, and account details.

A few days later, some Revolut users complained online that they started receiving SMS phishing messages aimed at stealing personal and financial information.


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