HARTFORD - Connecticut State Treasurer Denise Nappier's office says 21 of the department's college savings account customers have been hacked, resulting in than $1.4 million worth of unauthorized withdrawals.
The office announced Wednesday it was advised of the breach by the Connecticut Higher Education Trust or CHET Direct program manager, which is TIAA-CREF Tuition Financing Inc. Unauthorized individuals were apparently able to gain online access to the customers’ accounts, making a total of 44 unauthorized withdrawals.
Of the $1.4 million withdrawn, the treasury says $442,540 was recovered or stopped. CHET Advisor accounts that are managed by The Hartford were not breached.
The office says TIAA-CREFF Tuition Financing Inc. will fully restore all affected account holders and provide various identity fraud protection services.
Federal, state and local law enforcement agencies are investigating the breach.