Posted On February 14, 2022 Consumer Privacy & Data Breaches
February 14, 2022 – Recently, Apex Home Loans announced that an unauthorized party gained access to one or more employee email accounts, resulting in certain consumers’ names and financial account information being compromised. Those impacted by a data breach should be sure they understand what happened, what their rights are, and how they can pursue them. The data breach lawyers at Console & Associates, P.C. are actively investigating this security breach. As a part of the investigative process, our attorneys will be interviewing any victims of the breach to determine what harm was caused and whether they are eligible to bring a data breach class action lawsuit against Apex Home Loans.
According to Apex Home Loans, Inc., on July 30, 2021, the company first learned of suspicious activity on an employee’s email account. Apex launched an internal investigation to determine the scope of the breach. It was later confirmed that an unauthorized party may have viewed and possibly obtained consumer information that was located in one or more employee email accounts between May 11, 2021 and July 30, 2021.
Upon learning of the extent of the security breach, Apex Home Loans then reviewed the affected files to determine whether any sensitive consumer information was exposed to the unauthorized party. On January 28, 2022, Apex completed its investigation, confirming that the names and financial account information of affected parties was compromised.
On February 9, 2022, Apex Home Loans began sending out data breach notification letters to all individuals whose information was contained in the affected files.
Apex Home Loans (“Apex Home Loans,” “Apex”) is a mortgage lender operating in Delaware, Washington, D.C., Florida, Georgia, Maryland, New Jersey, North Carolina, Pennsylvania, South Carolina and West Virginia. Apex offers conventional and government-backed mortgages, as well as a range of refinancing options. Amex Home Loans, Inc. is based in Rockville, Maryland.
When you allowed Apex Home Loans access to your personal data, you trusted the company to keep your sensitive information safe. However, news of the Apex Home Loans data breach raises some very serious questions about the company’s data security measures and whether the company could have done more to prevent this type of cyber-attack.
Regardless of the industry, all businesses have a legal obligation to protect consumer information in their possession. Although creating and maintaining a data security system is costly, this is a necessary expense given the frequency with which cyberattacks occur.
Consumers whose personal, identifying, financial or healthcare-related data was compromised in a data breach can pursue legal action against a company that failed to adequately protect their information. However, the investigation into the Apex data breach is only in its beginning phases. For that reason, it is too early to tell if Apex Home Loans was legally responsible for the breach. However, our data breach attorneys are investigating the Apex Home Loans security breach to determine the potential legal remedies of those affected.
If you have questions about your ability to pursue a data breach class action lawsuit against Apex Home Loans, Inc., contact a data breach attorney as soon as possible.
If you receive a data breach notification from Apex Home Loans in the coming weeks, it means your personal data was among that which was compromised in the recent cyberattack. It also means a cybercriminal may have had access to—and may have stolen—your personal data. Given the risks involved, it is important you remain vigilant by taking the following steps:
At Console & Associates, P.C., our consumer privacy lawyers monitor all security and data breaches to help affected consumers pursue their legal remedies. We offer free consultations to victims of data breaches and can explain your rights in clear, understandable terms so you can make an informed decision about how to proceed with your case. If you’ve been affected by the Apex Home Loans data breach or any other data security incident, Console & Associates, P.C., will investigate your case at no charge and offer you thorough advice about how to most effectively proceed with your case. If you decide to bring a case, we only get paid if you do. If your claim is successful, any legal fees are either paid by the defendant or come out of the funds recovered from the defendant. If your claim doesn’t result in a recovery, you will pay nothing.