At Console & Associates, our data breach lawyers are closely examining the recent MML Investors Services LLC, a subsidiary of MassMutual data breach. This data breach was disclosed following a cyber security incident at National Financial Services LLC (NFS), which handles clearing and execution services for MML Investors Services' brokerage accounts. While the exact number of affected individuals has not been publicly disclosed, the breach potentially exposed sensitive personal identifiable information of MML Investors Services clients.
A recent report from the Massachusetts Attorney General's office reveals that unauthorized access to NFS's computer network occurred between August 17 and August 19, 2024. The data breach seems to have been facilitated through two recently opened Fidelity brokerage accounts, suggesting a sophisticated approach to gaining access to sensitive client information. The compromised information varies by individual, with specific details being provided in personalized notification letters to affected clients. While the exact nature of the exposed data has not been publicly disclosed, financial account information typically includes:
Data breach letters were sent out by National Financial Services to inform affected individuals about the nature of the incident and specific data compromised in their case.
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.
MML Investors Services LLC operates as a subsidiary of MassMutual, providing investment and financial services to clients nationwide. Their operations are supported by National Financial Services LLC, a major broker-dealer established in 1983 and owned by Fidelity Investments. Based in Boston, Massachusetts, NFS stands as one of the country's largest providers of brokerage services, handling critical functions including trade execution and clearing services for various brokerage accounts.
How do you know that you were affected by the MML Investors Services 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.
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