Bankers Cooperative Group Data Breach Class Action Investigation

At Console & Associates, our data breach lawyers are closely examining the recent Bankers Cooperative Group data breach. This data breach was disclosed following a cyber security incident involving the company's email system, which was reported to the U.S. Department of Health and Human Services Office for Civil Rights (HHS-OCR) on January 14, 2025, potentially exposing sensitive consumer information.

What Happened?

According to the U.S. Department of Health and Human Services Office for Civil Rights filing, Bankers Cooperative Group experienced a "Hacking / IT Incident" that compromised their email systems. While Bankers Cooperative Group filed the notification, there are indications that this breach may have originated from one of their third-party vendors or business partners. The company has completed its initial investigation of the compromised files and is preparing to notify affected individuals.

Currently, the specific types of data exposed have not been publicly disclosed through the HHS-OCR filing. Bankers Cooperative Group will be sending personalized data breach notification letters to impacted individuals detailing the exact nature of their compromised information.

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 Bankers Cooperative Group data breach
   1. Be wary of unexpected emails or messages claiming to be from Bankers Cooperative Group
   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.

Bankers Cooperative Group Overview

Bankers Cooperative Group, Inc. operates from its headquarters in Glen Rock, New Jersey, providing specialized insurance and risk management services to financial institutions. Their service portfolio includes property and casualty insurance, liability coverage, and employee benefits programs. Bankers Cooperative Group maintains a workforce of 35 employees and generates $7 million in annual revenue, focusing exclusively on serving the insurance needs of banks and financial institutions through customized coverage solutions.

Bankers Cooperative Group Data Breach Victims Have Rights - Don’t Wait to Act

How do you know that you were affected by the Bankers Cooperative Group 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.