Sometimes all it takes is one employee to spark a cybersecurity wildfire, as HealthEquity learned this week. The company, which handles more than 3.4 million health savings accounts, suffered a data breach when an unauthorized person accessed an employee's email account.
The incident took place on April 11 and was discovered two days later. When the company learned an employee's email was compromised, it removed access to the mailbox and hired a forensics firm to confirm the breach did not affect other HealthEquity systems.
HealthEquity manages flexible spending accounts, 401(k) accounts, health reimbursement, and other services for about 40,000 companies, Health Data Management reports. The breach affected two Michigan-based companies, both of which work with HealthEquity and have been offered five years of credit monitoring and identity theft protective services.
Data affected in the breach includes employee names, employer names, employee and employer HealthEquity IDs, different types of healthcare accounts, deduction amounts, and for some workers, their Social Security Numbers.
Read more details here.
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