View more on these topics

Wonga data breach hits 250,000 customers


Payday lender Wonga has suffered a security breach which may mean criminals have stolen information from 245,000 of its UK customers.

Wonga says it is “urgently investigating illegal and unauthorised access to the personal data of some of its customers”.

The stolen information includes names, phone numbers, addresses, sort codes and bank account numbers.

This may also include the last four numbers on customers’ bank cards, used in the login process for some online accounts.

However, a Wonga statement says password details have not been stolen.

The lender says it contacted borrowers on Saturday and has set up a helpline for those affected.

The firm says it noticed the breach last week, but at the time thought it was a failed hacking attempt.

The Wonga statement says: “We are working closely with authorities and we are in the process of informing affected customers. We sincerely apologise for the inconvenience caused.”

Another 25,000 Polish customers might also have been hit.



Wonga records pre-tax loss following £35m customer redress hit

Controversial payday lender Wonga has reported a pre-tax loss of £37.3m for 2014 after taking a £35m customer remediation hit following an intervention by the FCA. The firm’s full-year results for the 12 months to 31 December 2014, published today, reveal revenues plummeted 31 per cent year-on-year, from £314.7m to £217.2m, driven by a “significant […]


Wonga escapes police investigation over fake legal letters

Payday lender Wonga will not face a criminal investigation for sending debt collection letters from non-existent law firms, the City of London Police has confirmed. In June, Wonga was forced to pay £2.6m in compensation after the FCA uncovered “unfair and misleading” debt collection practices, including letters from non-existent legal and debt collection firms to […]


Wonga sets payday loans cap at maximum rate

Wonga has capped the costs of its payday loans at the maximum rate of interest allowed by the FCA. Last month the regulator said it plans to cap interest rate on payday loans at 0.8 per cent day, and that no one would repay more than double their initial loan. The rules come into effect […]

Rise of the machines

Head of Sustainable Investing at Royal London Asset Management, Mike Fox, looks at the case for including artificial intelligence within a sustainable investment strategy. Read the article in full here The value of investments and the income from them is not guaranteed and may go down as well as up and investors may not get […]


News and expert analysis straight to your inbox

Sign up


    Leave a comment