INCIDENT: Over 2,5 Million Individuals Impacted by System Breach at Federal Student Loan Services Provider.

Data for over 2.5 million individuals with student loans from Oklahoma Student Loan Authority (OSLA) and EdFinancial was exposed after hackers breached the systems of technology services provider Nelnet Servicing. Sometime in June, unidentified intruders compromised Nelnet Servicing and stayed on its systems until July 22. The hackers compromised the company's network likely after exploiting a vulnerability. EdFinancial underlines that not all its clients are hosted by Nelnet Servicing. Due to the seriousness of this incident, law firm "Markovits, Stock & DeMarco" launched an investigation on the potential of a class action lawsuit.

Incident Date

June 12, 2022

Location

United States

Estimated Cost

unknown

Type of Malware:

No Malware identified

Threat Source:

No threat source identified

References:

  • Nelnet Servicing breach exposes data of 2.5M student loan accounts

Industries:

Impacts

IT

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