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Investing.com -- Shares of Hertz Global Holdings (OTC:HTZGQ) Inc (NYSE:HTZ) were down 2.5% in after-hours trading following the revelation of a data breach involving a vendor’s platform that may have compromised the personal information of certain individuals. The car rental giant confirmed that unauthorized access to data occurred through zero-day vulnerabilities in the vendor Cleo Communications US, LLC’s system in late 2024.
The breach, which Hertz disclosed on April 2, 2025, after completing a data analysis, potentially exposed customer names, contact details, birth dates, credit card and driver’s license information, as well as sensitive data related to workers’ compensation claims. A smaller subset of individuals may have also had their Social Security numbers, passport details, and other government identification numbers affected.
In response to the incident, Hertz has taken measures to reinforce the security of personal information. The company reported the breach to law enforcement and is in the process of notifying relevant regulators. To mitigate the risk to affected individuals, Hertz has arranged for two years of complimentary identity monitoring or dark web monitoring services through Kroll.
While Hertz has not observed any misuse of the exposed data, they are urging those potentially impacted to monitor their credit reports and account statements for any signs of unauthorized activity. The company has provided additional resources and a sign-up link for the monitoring services to assist customers in protecting their personal information.
The news of the data breach comes at a time when cybersecurity concerns are increasingly influencing investor sentiment. Companies like Hertz are expected to maintain high standards of data protection, and incidents like this can lead to a loss of customer trust and potential financial repercussions. As the situation unfolds, Hertz is focused on addressing the vulnerabilities and reinforcing their cybersecurity measures to prevent future breaches.
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