cyber
confidence high
sentiment negative
materiality 0.35
MainStreet Bancshares discloses data security incident via third-party vendor affecting 4.65% of customers
MainStreet Bancshares, Inc.
- Incident discovered in March 2025 when an outside vendor to the core bank was compromised.
- Company's own IT systems were not compromised; no unauthorized transactions or fund transfers occurred.
- On April 28, 2025, vendor's compromised system was found to include PII on ~4.65% of customers.
- Regulators notified; affected customers notified on May 26, 2025, with monitoring tools provided.
- Company states incident has not materially impacted operations, financial condition, or reputation.
item 8.01