Fintech firm Betterment confirms data breach after hackers send fake crypto scam notification to users

This incident underscores the growing sophistication of social engineering tactics used by cybercriminals, particularly in the fintech industry. As companies like Betterment handle sensitive financial data, the implications of such breaches can be severe, not only for customers but also for the company's reputation and trustworthiness. It highlights the need for enhanced security measures and user education to combat these types of attacks.