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

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.

Technology services from Nelnet Servicing, including a web portal, are used by OSLA and EdFinancial to give online access students taking out a loan access to their loan accounts.

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.

About 2.5 million individuals have been impacted by  the breach.

Although Nelnet states it blocked the cyberattack as soon as the breach was detected, a subsequent investigation that was completed on August 17, 2022, determined that certain student loan account registration information might have been accessed.

Threat actors with access to the aforementioned information may engage in phishing attacks, social engineering, impersonation, and various scamming schemes. As the topic of loans is particularly sensitive, the risk of exposure is amplified.

Full article here https://www.bleepingcomputer.com/news/security/nelnet-servicing-breach-exposes-data-of-25m-student-loan-accounts/

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