Nelnet Servicing breach exposes data of 2.5 Million student loan accounts

guest · Sep 3, 2022

By Bill Toulas @billtoulas - August 29, 2022

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.
Click to expand...

A sample notification letter to impacted parties sent to the Office of the Maine Attorney General as part of the data breach disclosure process, Nelnet Servicing has informed OSLA and EdFinancial, who are notifying their customers.

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.
Click to expand...

EdFinancial also underlines that not all its clients are hosted by Nelnet Servicing, so not all students that took a loan through them are impacted by the data breach.

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.
Click to expand...

Due to the seriousness of this data breach incident, law firm "Markovits, Stock & DeMarco" yesterday launched an investigation on the potential of a class action lawsuit.
Click to expand...

Log in or Sign up

Nelnet Servicing breach exposes data of 2.5 Million student loan accounts

guest Guest

Log in or Sign up

Nelnet Servicing breach exposes data of 2.5 Million student loan accounts

guest Guest

Useful Searches