At Console & Associates, our data breach lawyers are closely examining the recent Benefit Management Corporation (Benefit Management Corp) data breach which affected sensitive information belonging to certain customers of Osaic Wealth (“Osaic”). This breach was disclosed following a cyber security incident, which compromised the following types of personal information:
A recent report from the Attorney General of Massachusetts states that the Benefit Management Corporation was compromised due to a cybersecurity incident.
On September 11, 2023, Benefit Management detected suspicious activity on their IT network. The company soon discovered that an unauthorized individual had access to their systems for the previous three days, starting from September 8th. This person had been able to steal the names, Social Security numbers, and financial account information of an unknown number of customers.
Data breach letters were sent out by Benefit Management Corporation on March 29, 2024, informing affected individuals about the nature of the incident and their compromised data.
Benefit Management Corporation provides a range of financial services such as wealth management, estate planning, business planning, and employee benefits. It’s registered for securities sales through Osaic Wealth, a large network of independent wealth management firms.
How do you know that you were affected by the Benefit Management Corporation data breach? Usually victims receive a data breach notice 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 attorneys for a no-cost consultation about your situation, your eligibility to file a data breach class action lawsuit 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.
Explore our “Guide for Victims of a Data Breach” to understand how to protect yourself against identity theft and secure your information effectively after a data breach.