American Trust Retirement Data Breach Class Action

At Console & Associates, our data breach lawyers are closely examining the recent American Trust Retirement data breach. This data breach was disclosed following a cyber security incident at American Trust Retirement involving unauthorized access to their email system between August 8-13, 2024, potentially exposing sensitive personal identifiable information of their clients.

What Happened?

A recent report from the Massachusetts Attorney General's office states that the American Trust Retirement data breach occurred due to unauthorized access to the company's email system. During this incident, certain emails and attachments were potentially copied without authorization between August 8, 2024, and August 13, 2024. An investigation was launched that confirmed that the compromised information includes:

• Names
• Social Security numbers
• Driver's license numbers
• State identification numbers
• Financial account numbers
• Dates of birth

Data breach letters were sent out by American Trust Retirement on December 31, 2024, informing affected individuals about the nature of the incident and compromised data.

Steps To Take If You Were Affected By A Data Breach

1. Monitor all accounts and credit reports closely
   1. Set up alerts for suspicious activity
   2. Review all financial statements thoroughly
   3. Request free credit reports and examine them for unauthorized entries
      
      
2. Consider freezing your credit
   1. Contact all three major credit bureaus to place a freeze
   2. Understand this prevents new accounts from being opened in your name
   3. Remember to temporarily lift the freeze when applying for legitimate credit
      
      
3. Look out for phishing attempts using information from the American Trust Retirement data breach
   1. Be wary of unexpected emails or messages claiming to be from American Trust Retirement
   2. Don't click on suspicious links or download unexpected attachments
   3. Verify all communications through official channels
      
      
4. Change passwords for affected accounts
   1. Create strong, unique passwords for each account
   2. Use a combination of letters, numbers, and special characters
   3. Consider using a password manager for better security
      
      
5. Enable two-factor authentication where possible
   1. Add this extra layer of security to all important accounts
   2. Use authenticator apps rather than SMS when available
   3. Keep backup codes in a secure location

For more detailed guidance, explore our “Guide for Victims of a Data Breach” to better understand measures you can take to protect yourself after a data breach.

American Trust Retirement Overview

American Trust operates from its headquarters in Bettendorf, Iowa as a financial services provider with multiple specialized subsidiaries: American Trust Custody, American Trust Wealth, American Trust Retirement, American Technology Automation, and AmericanTCS Fiduciary Services. American Trust Retirement manages retirement plan solutions, investment services, and fiduciary responsibilities for employers, advisors, and individuals. With a workforce of approximately 200 employees, the company generates annual revenue of $47 million across its business units.

American Trust Retirement Data Breach Victims Have Rights - Don’t Wait to Act

How do you know that you were affected by the American Trust Retirement data breach? Usually victims receive a NOTICE OF DATA BREACH in the mail, but the impact of a breach can be felt long before notices are sent to those affected. This can be in the form of fraudulent financial activity and other forms of identity theft.

If you believe you were affected, we encourage you to reach out to our data breach law firm for legal assistance through a no-cost consultation about your situation. We will review your eligibility to file a data breach class action lawsuit and discuss your legal rights and any compensation that may be available to you.

Complete our confidential contact form below and a member of our legal team will be in touch.