Spring EQ Data Breach Class Action Investigation

At Console & Associates, our data breach lawyers are closely examining the recent Spring EQ data breach. This security incident stems from unauthorized access to an employee's email account, potentially exposing confidential consumer information contained within emails and attachments. The number of affected individuals has not been publicly disclosed at this time.

What Happened?

A recent report from the California Attorney General's office reveals that Spring EQ experienced a data breach involving unauthorized access to an employee's email account. The incident occurred during a brief period between July 31, 2024, and August 1, 2024. Upon discovery, Spring EQ immediately secured the compromised account and launched an investigation. While the specific types of compromised data have not been disclosed in public filings, affected individuals should receive personalized notification letters detailing their exposed information. Data breach letters were sent out by Spring EQ on November 21, 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
2. Consider freezing your credit
3. Look out for phishing attempts using information from the Spring EQ data breach
4. Change passwords for affected accounts
5. Enable two-factor authentication where possible

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.

Spring EQ Overview

Founded in 2016, Spring EQ operates as a nationwide mortgage lender from its Philadelphia headquarters. The company specializes in home equity products, including fixed and variable-rate HELOCs and home equity lines. With a workforce exceeding 120 employees, Spring EQ generates approximately $25 million in annual revenue.

Spring EQ Data Breach Victims Have Rights - Don’t Wait to Act

How do you know that you were affected by the Spring EQ 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.