Betterment Customer Data Accessed in Online Crypto Scam Attack

Personal finance platform Betterment fell victim to an online attack that allowed an unauthorized individual to send some customers a “fraudulent, crypto-related message,” the company said in a statement on Monday.

The person got through with impersonation and deception — also known as “social engineering” — rather than by compromising Betterment’s technical infrastructure, the company said. The maneuver involved third-party software platforms that Betterment uses for marketing and operations.