Company Details
bank-of-america-merrill-lynch
17,432
368,409
52
bofaml.com
0
BAN_2040524
In-progress

Bank of America Merrill Lynch Company CyberSecurity Posture
bofaml.comFrom local communities to global markets, we are dedicated to shaping the future responsibly and helping clients thrive in a changing world. “Bank of America Merrill Lynch” is the marketing name for the global banking and global markets businesses of Bank of America Corporation. Bank of America is a marketing name for the Retirement Services business of Bank of America Corporation. Lending, derivatives, and other commercial banking activities are performed globally by banking affiliates of Bank of America Corporation, including Bank of America, N.A., Member FDIC. Securities, strategic advisory, and other investment banking activities are performed globally by investment banking affiliates of Bank of America Corporation (“Investment Banking Affiliates”), including, in the United States, BofA Securities, Inc., Merrill Lynch, Pierce, Fenner & Smith Incorporated, and Merrill Lynch Professional Clearing Corp., all of which are registered broker-dealers and Members of SIPC, and in other jurisdictions, by locally registered entities. BofA Securities, Inc., Merrill Lynch, Pierce, Fenner & Smith Incorporated and Merrill Lynch Professional Clearing Corp. are registered as futures commission merchants with the CFTC and are members of the NFA. Investment products: Are Not FDIC Insured May Lose Value Are Not Bank Guaranteed Any opinions, views, statements, estimates or projections (“posts”) posted on this web page are solely those of the individual author(s). As such, posts by an employee of BofAML or any of its affiliates are solely those of such employee or agent and do not necessarily reflect the views of BofAML. BofAML is not responsible for the content, or output of external websites. For Terms and Conditions and Disclaimers, please visit go.bofaml.com/social. Bank of America LinkedIn Community Guidelines can be found at: http://about.bankofamerica.com/en-us/social-media/linkedin-community-guidelines.html
Company Details
bank-of-america-merrill-lynch
17,432
368,409
52
bofaml.com
0
BAN_2040524
In-progress
Between 750 and 799

BAML Global Score (TPRM)XXXX

Description: The Maine Office of the Attorney General reported a data breach related to Bank of America on March 3, 2025, involving an inadvertent disclosure that occurred on February 18, 2025. One individual was affected, and the compromised information included personal details such as names and Social Security numbers. Bank of America offered a complimentary two-year identity theft protection service by Experian.
Description: On April 16, 2024, the Maine Office of the Attorney General disclosed that Bank of America suffered an **inadvertent data breach** caused by a **Merrill employee’s email error**, leading to the **unauthorized exposure of customer information**. The incident impacted **2,676 individuals**, including **18 Maine residents**, though the exact nature of the exposed data (e.g., financial details, personal identifiers) was not fully specified. In response, Bank of America offered affected individuals **two years of complimentary identity theft protection** via **Experian IdentityWorks™** to mitigate potential risks such as fraud or identity misuse. The breach did not involve malicious cyber activity like hacking or ransomware but stemmed from **human error**, highlighting vulnerabilities in internal data-handling protocols. While no evidence suggested exploitation of the exposed data, the incident underscored the reputational and operational risks associated with **employee-driven data leaks**, particularly for a major financial institution. The breach’s scope—though limited in scale—raised concerns about compliance with data protection regulations and the bank’s ability to safeguard sensitive customer information.
Description: The California Office of the Attorney General reported that Bank of America experienced a data breach on April 22, 2020, potentially exposing personal information of clients due to improper visibility on a test application platform. The breach notification was reported on May 18, 2020.
Description: The Maine Office of the Attorney General disclosed a **data breach** affecting **Bank of America**, detected on **October 1, 2024**, and reported on **January 3, 2025**. The incident involved **unauthorized access** to sensitive personal information, compromising **414 individuals**, including at least one Maine resident. While the exact nature of the exposed data was not fully detailed, the breach was severe enough to warrant **24 months of free identity theft protection services via Experian**, suggesting the exposure of personally identifiable information (PII) that could facilitate fraud or identity theft. The breach highlights vulnerabilities in Bank of America’s data security measures, raising concerns over potential financial fraud, reputational damage, and regulatory scrutiny. Although the scale (414 individuals) is relatively contained compared to mass breaches, the provision of long-term identity protection indicates a high-risk exposure—likely involving **financial or identity-related data** (e.g., Social Security numbers, account details, or addresses). The incident underscores the persistent threat of cyber intrusions targeting financial institutions, where even limited breaches can have cascading consequences for affected individuals, including phishing attacks, unauthorized transactions, or credit fraud.
Description: Business clients applying for Paycheck Protection Program (PPP) loans with Bank of America have had their personal and business information exposed in a data breach. The data breach occurred on April 22 as Bank of America uploaded customers’ PPP loan applications to the Small Business Administration’s (SBA) online testing system, which allowed lenders to test application submissions. During the testing process, Application information was potentially visible to other lenders and their third-party vendors. The exposed data included both business and clients’ personal information. The affected business data may include business names, addresses, and tax identification numbers. Affected personal data may include names, addresses, Social Security numbers, phone numbers, email addresses, and citizenship information.


No incidents recorded for Bank of America Merrill Lynch in 2025.
No incidents recorded for Bank of America Merrill Lynch in 2025.
No incidents recorded for Bank of America Merrill Lynch in 2025.
BAML cyber incidents detection timeline including parent company and subsidiaries

From local communities to global markets, we are dedicated to shaping the future responsibly and helping clients thrive in a changing world. “Bank of America Merrill Lynch” is the marketing name for the global banking and global markets businesses of Bank of America Corporation. Bank of America is a marketing name for the Retirement Services business of Bank of America Corporation. Lending, derivatives, and other commercial banking activities are performed globally by banking affiliates of Bank of America Corporation, including Bank of America, N.A., Member FDIC. Securities, strategic advisory, and other investment banking activities are performed globally by investment banking affiliates of Bank of America Corporation (“Investment Banking Affiliates”), including, in the United States, BofA Securities, Inc., Merrill Lynch, Pierce, Fenner & Smith Incorporated, and Merrill Lynch Professional Clearing Corp., all of which are registered broker-dealers and Members of SIPC, and in other jurisdictions, by locally registered entities. BofA Securities, Inc., Merrill Lynch, Pierce, Fenner & Smith Incorporated and Merrill Lynch Professional Clearing Corp. are registered as futures commission merchants with the CFTC and are members of the NFA. Investment products: Are Not FDIC Insured May Lose Value Are Not Bank Guaranteed Any opinions, views, statements, estimates or projections (“posts”) posted on this web page are solely those of the individual author(s). As such, posts by an employee of BofAML or any of its affiliates are solely those of such employee or agent and do not necessarily reflect the views of BofAML. BofAML is not responsible for the content, or output of external websites. For Terms and Conditions and Disclaimers, please visit go.bofaml.com/social. Bank of America LinkedIn Community Guidelines can be found at: http://about.bankofamerica.com/en-us/social-media/linkedin-community-guidelines.html


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Explore insights on cybersecurity incidents, risk posture, and Rankiteo's assessments.
The official website of Bank of America Merrill Lynch is http://www.bofaml.com.
According to Rankiteo, Bank of America Merrill Lynch’s AI-generated cybersecurity score is 787, reflecting their Fair security posture.
According to Rankiteo, Bank of America Merrill Lynch currently holds 0 security badges, indicating that no recognized compliance certifications are currently verified for the organization.
According to Rankiteo, Bank of America Merrill Lynch is not certified under SOC 2 Type 1.
According to Rankiteo, Bank of America Merrill Lynch does not hold a SOC 2 Type 2 certification.
According to Rankiteo, Bank of America Merrill Lynch is not listed as GDPR compliant.
According to Rankiteo, Bank of America Merrill Lynch does not currently maintain PCI DSS compliance.
According to Rankiteo, Bank of America Merrill Lynch is not compliant with HIPAA regulations.
According to Rankiteo,Bank of America Merrill Lynch is not certified under ISO 27001, indicating the absence of a formally recognized information security management framework.
Bank of America Merrill Lynch operates primarily in the Financial Services industry.
Bank of America Merrill Lynch employs approximately 17,432 people worldwide.
Bank of America Merrill Lynch presently has no subsidiaries across any sectors.
Bank of America Merrill Lynch’s official LinkedIn profile has approximately 368,409 followers.
Bank of America Merrill Lynch is classified under the NAICS code 52, which corresponds to Finance and Insurance.
No, Bank of America Merrill Lynch does not have a profile on Crunchbase.
Yes, Bank of America Merrill Lynch maintains an official LinkedIn profile, which is actively utilized for branding and talent engagement, which can be accessed here: https://www.linkedin.com/company/bank-of-america-merrill-lynch.
As of November 27, 2025, Rankiteo reports that Bank of America Merrill Lynch has experienced 5 cybersecurity incidents.
Bank of America Merrill Lynch has an estimated 29,525 peer or competitor companies worldwide.
Incident Types: The types of cybersecurity incidents that have occurred include Breach and Data Leak.
Detection and Response: The company detects and responds to cybersecurity incidents through an third party assistance with experian, and remediation measures with complimentary two-year identity theft protection service, and incident response plan activated with likely (standard protocol for data breaches), and third party assistance with experian (identityworks™ services), and remediation measures with offering 2-year complimentary identity theft protection (experian identityworks™), and communication strategy with notification to affected individuals via maine ag report, and third party assistance with experian (identity theft protection)..
Title: Bank of America PPP Loan Data Breach
Description: Business clients applying for Paycheck Protection Program (PPP) loans with Bank of America have had their personal and business information exposed in a data breach.
Date Detected: April 22, 2020
Type: Data Breach
Attack Vector: Improper Data Handling
Vulnerability Exploited: Improper Data Handling
Title: Bank of America Data Breach
Description: The California Office of the Attorney General reported that Bank of America experienced a data breach on April 22, 2020, potentially exposing personal information of clients due to improper visibility on a test application platform.
Date Detected: 2020-04-22
Date Publicly Disclosed: 2020-05-18
Type: Data Breach
Attack Vector: Improper visibility on a test application platform
Title: Bank of America Data Breach
Description: The Maine Office of the Attorney General reported a data breach related to Bank of America on March 3, 2025, involving an inadvertent disclosure that occurred on February 18, 2025. One individual was affected, and the compromised information included personal details such as names and Social Security numbers. Bank of America offered a complimentary two-year identity theft protection service by Experian.
Date Detected: 2025-02-18
Date Publicly Disclosed: 2025-03-03
Type: Data Breach
Attack Vector: Inadvertent Disclosure
Title: Bank of America Inadvertent Disclosure of Customer Information via Merrill Employee Email Error
Description: The Maine Office of the Attorney General reported that Bank of America experienced an inadvertent disclosure of customer information on April 16, 2024, due to a Merrill employee email error, affecting a total of 2,676 individuals, including 18 Maine residents. Bank of America is offering a complimentary two-year membership in identity theft protection services through Experian IdentityWorks™.
Date Detected: 2024-04-16
Date Publicly Disclosed: 2024-04-16
Type: Data Breach (Inadvertent Disclosure)
Attack Vector: Human Error (Email Misconfiguration)
Title: Bank of America Data Breach (2024)
Description: The Maine Office of the Attorney General reported a data breach involving Bank of America. The breach occurred on October 1, 2024, affecting 414 individuals, including 1 resident of Maine. Unauthorized access was detected, and identity theft protection services (24 months via Experian) were offered to affected individuals.
Date Detected: 2024-10-01
Date Publicly Disclosed: 2025-01-03
Type: Data Breach
Common Attack Types: The most common types of attacks the company has faced is Breach.

Data Compromised: Business names, Addresses, Tax identification numbers, Names, Social security numbers, Phone numbers, Email addresses, Citizenship information

Data Compromised: Personal information of clients

Data Compromised: Names, Social security numbers
Identity Theft Risk: High

Data Compromised: Customer information
Brand Reputation Impact: Potential (Mitigated by Identity Theft Protection Offer)
Identity Theft Risk: High (Mitigated by Experian IdentityWorks™ Offer)

Identity Theft Risk: True
Commonly Compromised Data Types: The types of data most commonly compromised in incidents are Business Names, Addresses, Tax Identification Numbers, Names, Social Security Numbers, Phone Numbers, Email Addresses, Citizenship Information, , Personal information, Personal Information, and Customer Information (Details Unspecified).

Entity Name: Bank of America
Entity Type: Financial Institution
Industry: Banking

Entity Name: Bank of America
Entity Type: Financial Institution
Industry: Banking
Location: California, USA

Entity Name: Bank of America
Entity Type: Financial Institution
Industry: Banking
Customers Affected: 1

Entity Name: Bank of America (via Merrill)
Entity Type: Financial Institution
Industry: Banking/Financial Services
Location: United States (Maine residents among affected)
Size: Large (Multinational)
Customers Affected: 2,676 (including 18 Maine residents)

Entity Name: Bank of America
Entity Type: Financial Institution
Industry: Banking/Financial Services
Location: United States
Customers Affected: 414

Third Party Assistance: Experian.
Remediation Measures: Complimentary two-year identity theft protection service

Incident Response Plan Activated: Likely (Standard Protocol for Data Breaches)
Third Party Assistance: Experian (Identityworks™ Services).
Remediation Measures: Offering 2-year complimentary identity theft protection (Experian IdentityWorks™)
Communication Strategy: Notification to affected individuals via Maine AG report

Third Party Assistance: Experian (Identity Theft Protection).
Incident Response Plan: The company's incident response plan is described as Likely (Standard Protocol for Data Breaches).
Third-Party Assistance: The company involves third-party assistance in incident response through Experian, , Experian (IdentityWorks™ Services), , Experian (Identity Theft Protection), .

Type of Data Compromised: Business names, Addresses, Tax identification numbers, Names, Social security numbers, Phone numbers, Email addresses, Citizenship information
Sensitivity of Data: High

Type of Data Compromised: Personal information

Type of Data Compromised: Personal information
Number of Records Exposed: 1
Sensitivity of Data: High
Personally Identifiable Information: NamesSocial Security numbers

Type of Data Compromised: Customer Information (Details Unspecified)
Number of Records Exposed: 2,676
Sensitivity of Data: Moderate to High (PII likely included)
Personally Identifiable Information: Likely (Given Identity Theft Protection Offer)

Number of Records Exposed: 414
Prevention of Data Exfiltration: The company takes the following measures to prevent data exfiltration: Complimentary two-year identity theft protection service, , Offering 2-year complimentary identity theft protection (Experian IdentityWorks™), .

Regulatory Notifications: Maine Office of the Attorney General

Regulatory Notifications: Maine Office of the Attorney General

Source: California Office of the Attorney General

Source: Maine Office of the Attorney General
Date Accessed: 2025-03-03

Source: Maine Office of the Attorney General
Date Accessed: 2024-04-16

Source: Maine Office of the Attorney General
Date Accessed: 2025-01-03
Additional Resources: Stakeholders can find additional resources on cybersecurity best practices at and Source: California Office of the Attorney General, and Source: Maine Office of the Attorney GeneralDate Accessed: 2025-03-03, and Source: Maine Office of the Attorney GeneralDate Accessed: 2024-04-16, and Source: Maine Office of the Attorney GeneralDate Accessed: 2025-01-03.

Investigation Status: Disclosed (No Further Details)
Communication of Investigation Status: The company communicates the status of incident investigations to stakeholders through Notification To Affected Individuals Via Maine Ag Report.

Customer Advisories: Offer of 2-year Experian IdentityWorks™ membership

Customer Advisories: Identity theft protection services (24 months via Experian) offered to affected individuals
Advisories Provided: The company provides the following advisories to stakeholders and customers following an incident: were Offer Of 2-Year Experian Identityworks™ Membership, , Identity Theft Protection Services (24 Months Via Experian) Offered To Affected Individuals and .

Root Causes: Human Error (Merrill Employee Email Misconfiguration),
Post-Incident Analysis Process: The company's process for conducting post-incident analysis is described as Experian, , Experian (Identityworks™ Services), , Experian (Identity Theft Protection), .
Most Recent Incident Detected: The most recent incident detected was on April 22, 2020.
Most Recent Incident Publicly Disclosed: The most recent incident publicly disclosed was on 2025-01-03.
Most Significant Data Compromised: The most significant data compromised in an incident were Business names, Addresses, Tax identification numbers, Names, Social Security numbers, Phone numbers, Email addresses, Citizenship information, , Personal information of clients, Names, Social Security numbers, , Customer Information, and .
Third-Party Assistance in Most Recent Incident: The third-party assistance involved in the most recent incident was experian, , experian (identityworks™ services), , experian (identity theft protection), .
Most Sensitive Data Compromised: The most sensitive data compromised in a breach were Names, Email addresses, Business names, Personal information of clients, Addresses, Citizenship information, Tax identification numbers, Social Security numbers, Phone numbers and Customer Information.
Number of Records Exposed in Most Significant Breach: The number of records exposed in the most significant breach was 3.1K.
Most Recent Source: The most recent source of information about an incident are Maine Office of the Attorney General and California Office of the Attorney General.
Current Status of Most Recent Investigation: The current status of the most recent investigation is Disclosed (No Further Details).
Most Recent Customer Advisory: The most recent customer advisory issued were an Offer of 2-year Experian IdentityWorks™ membership and Identity theft protection services (24 months via Experian) offered to affected individuals.
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Angular is a development platform for building mobile and desktop web applications using TypeScript/JavaScript and other languages. Prior to versions 19.2.16, 20.3.14, and 21.0.1, there is a XSRF token leakage via protocol-relative URLs in angular HTTP clients. The vulnerability is a Credential Leak by App Logic that leads to the unauthorized disclosure of the Cross-Site Request Forgery (XSRF) token to an attacker-controlled domain. Angular's HttpClient has a built-in XSRF protection mechanism that works by checking if a request URL starts with a protocol (http:// or https://) to determine if it is cross-origin. If the URL starts with protocol-relative URL (//), it is incorrectly treated as a same-origin request, and the XSRF token is automatically added to the X-XSRF-TOKEN header. This issue has been patched in versions 19.2.16, 20.3.14, and 21.0.1. A workaround for this issue involves avoiding using protocol-relative URLs (URLs starting with //) in HttpClient requests. All backend communication URLs should be hardcoded as relative paths (starting with a single /) or fully qualified, trusted absolute URLs.
Forge (also called `node-forge`) is a native implementation of Transport Layer Security in JavaScript. An Uncontrolled Recursion vulnerability in node-forge versions 1.3.1 and below enables remote, unauthenticated attackers to craft deep ASN.1 structures that trigger unbounded recursive parsing. This leads to a Denial-of-Service (DoS) via stack exhaustion when parsing untrusted DER inputs. This issue has been patched in version 1.3.2.
Forge (also called `node-forge`) is a native implementation of Transport Layer Security in JavaScript. An Integer Overflow vulnerability in node-forge versions 1.3.1 and below enables remote, unauthenticated attackers to craft ASN.1 structures containing OIDs with oversized arcs. These arcs may be decoded as smaller, trusted OIDs due to 32-bit bitwise truncation, enabling the bypass of downstream OID-based security decisions. This issue has been patched in version 1.3.2.
Suricata is a network IDS, IPS and NSM engine developed by the OISF (Open Information Security Foundation) and the Suricata community. Prior to versions 7.0.13 and 8.0.2, working with large buffers in Lua scripts can lead to a stack overflow. Users of Lua rules and output scripts may be affected when working with large buffers. This includes a rule passing a large buffer to a Lua script. This issue has been patched in versions 7.0.13 and 8.0.2. A workaround for this issue involves disabling Lua rules and output scripts, or making sure limits, such as stream.depth.reassembly and HTTP response body limits (response-body-limit), are set to less than half the stack size.
Suricata is a network IDS, IPS and NSM engine developed by the OISF (Open Information Security Foundation) and the Suricata community. In versions from 8.0.0 to before 8.0.2, a NULL dereference can occur when the entropy keyword is used in conjunction with base64_data. This issue has been patched in version 8.0.2. A workaround involves disabling rules that use entropy in conjunction with base64_data.

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