cyber
confidence high
sentiment negative
materiality 0.70
PROG Holdings reports data breach affecting Progressive Leasing customers' PII including SSNs
PROG Holdings, Inc.
- Incident detected at Progressive Leasing; third-party cybersecurity experts engaged and law enforcement notified.
- Involved data contains substantial PII including social security numbers; notices to affected individuals and regulators planned.
- No major operational impact to Progressive Leasing services; other PROG Holdings subsidiaries unaffected.
- Investigation ongoing; company expects significant expenses but does not currently expect material financial impact.
- Remediation and system hardening underway; full cost and insurance coverage not yet determined.