Santander Falls Victim to Data Breach Involving Third-Party Provider

Santander disclosed a data breach involving a third-party-hosted database that exposed information for customers in Chile, Spain, and Uruguay and some former employees. The bank reports no transactional data or account credentials were contained in the compromised database, has blocked access, implemented fraud prevention controls, and is notifying affected parties and regulators; the incident highlights the growing risk posed by third-party providers.