ThinCats VIP forum suffers data breach
ThinCats has revealed it suffered a data breach on its VIP forum earlier this year.
It is unclear if this is linked to the closure of the forum which was suffering IT issues.
Forum users were told this week that a data breach had been uncovered which took place in or around 18 January.
“There was a minor data breach on the ThinCats VIP forum,” a spokesman for the platform told Peer2Peer Finance News.
“It was addressed promptly, and those affected were informed as soon as possible.”
The spokesman said the Information Commissioners Office has also been notified.
ThinCats told its customers last month that it was shutting down its ‘VIP forum’ with immediate effect and intended to close the accounts of all registered investors who do not hold assets on the platform by the end of the month.
Peer2Peer Finance News understands that the ‘VIP forum’ was set up in the early days of ThinCats and is a secondary forum, separate to the main forum, where registered members could discuss specific loans.
The ‘VIP forum’ had been experiencing IT issues, preventing members from being able to access the forum.
ThinCats closed its retail P2P lending business in December 2019.
Investors have been told they can no longer sell loans on the platform’s secondary market and those invested in ThinCats’ diversified portfolios will have to wait for their funds to mature.
Read more: More firms withdrawing P2P regulatory applications