Prosper Marketplace Inc.
09/17/2025 | Press release | Distributed by Public on 09/17/2025 15:09
Material Event (Form 8-K)
ITEM 8.01 - Other Events.
On September 1, 2025, Prosper Marketplace, Inc. ("PMI") and Prosper Funding LLC ("PFL", and together with PMI, the "Company") identified that an unauthorized third party gained access to the Company's systems that contain proprietary and confidential information. The Company promptly initiated its cybersecurity response plans and began taking steps to investigate, contain, and remediate the incident and enhance its security measures with the assistance of cybersecurity experts. The Company has also informed law enforcement.
There is no evidence of unauthorized access to customer accounts and funds, and the Company's customer-facing operations continue uninterrupted. As of the date of this filing, the Company has determined that the incident has not had a material impact on its overall business operations, or on PMI and PFL individually.
While the Company's investigation is ongoing, the Company has evidence that confidential, proprietary, and personal information, including Social Security numbers, was obtained, including through unauthorized queries made on Company databases that store customer and applicant data. The Company is still in the process of identifying what information, including the number of records of personal information, was compromised. The Company will make required regulatory and individual notifications on a rolling basis.
The Company has yet to determine the full scope and impact of the incident and therefore the Company has yet to determine whether the incident is reasonably likely to materially impact its financial condition and results of operations, or PMI and PFL individually.
The Company remains subject to various risks due to the incident, and an increase in the cost to the Company of its insurance policy covering cybersecurity incidents.
Prosper Marketplace Inc. published this content on September 17, 2025, and is solely responsible for the information contained herein. Distributed via SEC EDGAR on September 17, 2025 at 21:09 UTC. If you believe the information included in the content is inaccurate or outdated and requires editing or removal, please contact us at [email protected]