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flag A 2024 Wealthsimple breach exposed some client data due to a third-party flaw, but the company says no funds were stolen and denies lawsuit claims.

flag A proposed class-action lawsuit alleges a August 2024 data breach at Wealthsimple exposed sensitive information of less than 1% of clients due to a third-party software vulnerability. flag The company contained the incident within hours, confirmed no funds were stolen, and notified affected users by September 5, offering identity theft protection and support. flag Wealthsimple denies the claims, calling them unfounded, and says it will defend itself. flag Customers are urged to enable two-factor authentication and watch for phishing attempts, with impacted individuals able to join the legal action via a dedicated website.

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