Bankers Cooperative Group Data Breach Class Action

At Console & Associates, our data breach lawyers are closely examining the recent Bankers Cooperative Group data breach. This data breach was disclosed following unauthorized access to an employee email account at Bankers Cooperative Group, which has affected employees across 221 different companies, potentially exposing sensitive personal identifiable information.

What Happened?

A recent filing with the U.S. Department of Health and Human Services Office for Civil Rights (HHS-OCR), the Bankers Cooperative Group data breach was discovered on August 13, 2024, when suspicious activity was detected within an employee's email account. After disabling the compromised account, Bankers Cooperative Group’s investigation confirmed that an unauthorized party had accessed emails containing confidential employee information.

The breach has impacted employees at 21 organizations, including:

• Academy House
• Amboy Bank
• Ascendia Bank
• BCB Bank
• Bogota Savings Bank
• Children’s Aid and Family Services, Inc.
• Columbia Bank
• Comprehensive Cancer and Hematology Specialists
• Crest Savings Bank
• DP Property Management
• Five Rivers Bank
• Franklin Savings Bank
• Haven Savings Bank
• Mast Construction Services, Inc.
• NVE Bank
• Peapack-Gladstone Bank
• Somerset Regal Bank
• Sturdy Savings Bank
• Union County Savings Bank
• United Roosevelt Savings Bank
• Village Office Supply

Data breach letters began being distributed by Bankers Cooperative Group following their official filing with HHS-OCR on January 14, 2025. While the specific types of compromised data have not been publicly disclosed, affected individuals will receive personalized notification letters detailing exactly what information of theirs was exposed.

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. is a Glen Rock, New Jersey-based professional services organization that provides insurance products and risk management solutions. The company focuses on serving banks and financial institutions with specialized insurance coverage including property and casualty, liability, and employee benefits packages. With approximately 35 employees and $7 million in annual revenue, Bankers Cooperative Group operates primarily in the financial services sector, working with various banking institutions and related organizations across multiple states.

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.