- What: Data breach led to $13M in fraudulent contract losses
- Impact: Customers of financial services affected
Data Breaches Upbound Group Says Data Breach Led to $13 Million in Fraudulent Contract Losses Hackers recently obtained non-sensitive customer information and other documents from the company. By Eduard Kovacs | July 23, 2026 (6:49 AM ET) Flipboard Reddit Whatsapp Whatsapp Email Texas-based consumer finance company Upbound Group, Inc. says recent cybersecurity incidents led to a data breach that resulted in millions of dollars in fraudulent contract losses. Upbound offers lease-to-own and flexible payment solutions through brands like Rent-A-Center, Acima, and Brigit. In a filing with the SEC, the company said non-sensitive customer information and other documents were recently obtained by hackers. Upbound believes “the information was subsequently used to facilitate fraudulent lease-to-own agreements, contributing to elevated fraudulent contract losses of approximately $13 million in the Company’s Acima segment during the second quarter of 2026.” The company has notified law enforcement and hired external cybersecurity experts to help boost the security of its systems. Upbound’s investigation is ongoing, but at the time of the SEC disclosure it believes the incidents are not material. Advertisement. Scroll to continue reading. It’s unclear who is behind the attacks on Upbound. No known cybercrime group appears to have listed the company on its leak website. A longtime cybersecurity executive recently launched The Hacker in a Hoodie (HIH) Index , a tracker for material breaches that can be useful to cybersecurity professionals, journalists, policymakers, and others. Related : Suno, Paidwork Data Breaches Affect Tens of Millions of Accounts Related : Ransomware Group Threatening to Leak Data Stolen From Coca-Cola’s Fairlife Related : Estée Lauder Discloses Impact From Oracle EBS Zero-Day Hack Written By Eduard Kovacs Eduard Kovacs (@EduardKovacs) is senior managing editor at SecurityWeek. He worked as a high school IT teacher before starting a career in journalism in 2011. Eduard holds a bachelor’s degree in industrial informatics and a master’s degree in computer techniques applied in electrical engineering. Daily Briefing Newsletter Subscribe to the SecurityWeek Email Briefing for the latest cybersecurity threats, trends, and expert insights. More from Eduard Kovacs Fourth SharePoint Vulnerability Exploited in Past Month’s Wave of Attacks Oracle Patches Over 1,400 Vulnerabilities With Quarterly Security Updates Ransomware Group Threatening to Leak Data Stolen From Coca-Cola’s Fairlife OpenAI Says Its AI Models Broke Loose and Hacked Hugging Face Meta Paid $78,000 Bounty for Vulnerability Exposing Customer Support Data Exploitation of ServiceNow Vulnerability Seen Days After Disclosure SonicWall Zero-Days Exploited to Deliver Custom Malware for Weeks Before Patch New Index Tracks Material Breaches — And Refuses to Add Up the Losses Latest News Assaf Keren Appointed New CISO of Meta New Check Point Zero-Day Vulnerability Exploited in the Wild US Warns of Iranian Hackers Targeting Siemens, Schneider, and Rockwell ICS Devices Suno, Paidwork Data Breaches Affect Tens of Millions of Accounts Palo Alto Networks to Acquire Observability Platform Provider Embrace Flaw in Adobe Extension With 300M Installs Enabled WhatsApp Data Theft When Identity Verification Fails: Lessons from a Real-World SIM Swap and Near Account Takeover Vibe-Coded Apps Riddled With Exploitable Security Flaws Trending Daily Briefing Newsletter Subscribe to the SecurityWeek Email Briefing to stay informed on the latest threats, trends, and technology, along with insightful columns from industry experts. Webinar: Closing the Exploitation Gap July 22, 2026 Join this live webinar as we explore why exploitation is outpacing remediation, where risk is growing fastest, and what security leaders can do to close the gap before attackers take advantage. Register Virtual Event: CodeSecCon 2026 August 19, 2026 CodeSecCon bridges the gap between dev and security. Discover best practices for secure coding, innovative risk-reduction tools, and safe AI integration to cultivate a true DevSecOps culture. Safely secure your apps! Register People on the Move Assaf Keren, who previously served as CSO/CISO at Qualtrics and PayPal, is Meta's new CISO. Jazz has named Sean Robinson, Rickie Goyal, Danielle Guetta, Shani Nago, and Lior Magram as VPs and Michael Calev as COO. AJ Shipley has been appointed Chief Product Officer at CrowdStrike. More People On The Move Expert Insights When Identity Verification Fails: Lessons from a Real-World SIM Swap and Near Account Takeover Identity confidence changes throughout every interaction and should be reassessed continuously as new risk signals emerge. (Torsten George) Legacy Systems, Real-World Impacts: The Reality of OT Security Legacy systems, safety concerns, and critical infrastructure risks make OT vulnerability disclosure one of cybersecurity's most challenging balancing acts. (Tod Beardsley) The Shift Toward Business-Aligned Risk Management Moving from isolated, technical data to a continuous risk lifecycle can help organizations align security controls with actual business consequences. (Steve Durbin) How to Conduct a Successful Audit of AI-Driven Software Development As AI-generated code becomes commonplace, CISOs need new audit strategies to measure developer practices, govern AI tool usage, and identify software risks before they reach production. (Matias Madou) Frontier AI: Six Questions Every Enterprise Should Ask Security Vendors From model selection and automation to validation and measurable results, the right questions can help enterprises separate genuine AI capabilities from marketing hype. (Joshua Goldfarb) Flipboard Reddit Whatsapp Whatsapp Email