The affected users are being contacted by Transak, and the company has notified data protection authorities in the United Kingdom and regulators across the European Union and the United States. In a statement, Transak emphasized that if users do not receive an email from the company, they have not been affected by the breach.

This incident is not an isolated case, as another major financial firm, Fidelity investments, recently disclosed a data breach that compromised the personal information of over 77,000 customers between August 17 and August 19. This is Fidelity's fourth data breach in the last 12 months, with the others occurring on March 4, March 18, and July 19.