Posted On November 22, 2022 Consumer Privacy & Data Breaches
On November 8, 2022, Eagle Bank, Inc. (“Eagle Bank”) filed notice of a data breach with the Attorney General of Massachusetts after sensitive information placed in the company’s care was subject to access by an unauthorized party. Based on the company’s official filing, the incident resulted in an unauthorized party gaining access to consumers’ names, Social Security numbers, financial account numbers and driver’s license numbers. After confirming that consumer data was leaked, Eagle Bank began sending out data breach notification letters to all individuals who were impacted by the recent data security incident.
If you received a data breach notification, it is essential you understand what is at risk. The data breach lawyers at Console & Associates, P.C. are actively investigating the Eagle Bank data breach on behalf of people whose information was exposed. As a part of this investigation, we are providing free consultations to anyone affected by the breach who is interested in learning more about the risks of identity theft, what they can do to protect themselves, and what their legal options may be to obtain compensation from Eagle Bank, Inc.
The available information regarding the Eagle Bank breach comes from the company’s filing with the Attorney General of Massachusetts. However, the information contained on the Massachusetts AG’s “Data Breach Notification Report” is limited. Thus, all we know about the breach at this point in time is that it stemmed from an incident involving the bank’s computer network (rather than a third-party’s) and that the following data types were compromised:
While the bank has not yet confirmed the total number of people affected by the Eagle Bank breach, the Massachusetts Attorney General reports there were 476 in that state alone. On November 8, 2022, Eagle Bank sent out data breach letters to all individuals whose information was compromised as a result of the recent data security incident.
Established in 1889, Eagle Bank is an independent, community bank based in Peabody, Massachusetts. The bank has 5 locations throughout Massachusetts as well as a specialized loan center and offers the traditional services of a financial institution, including personal, business and mortgage services.
Data breaches put your sensitive information in the hands of potential criminals. Thus, as soon as you learn about a data breach affecting your information, it is imperative to take prompt action to reduce the chances of falling victim to identity theft or other frauds. However, by the time you get a data breach letter, it’s often been months since hackers first obtained your information, meaning they have a significant head start. However, this doesn’t mean that there are not steps you can take to limit these risks—only that you need to be vigilant.
Below is a list of things that all data breach victims should consider doing as soon as possible. Keep in mind, however, that this is not an exhaustive list, and you may want to take additional steps, especially if your Social Security number or financial account numbers were leaked as a result of the breach.
After a company experiences a data breach, it is legally required to inform anyone affected and to report the incident to any state where victims of the breach live. Thus, if you receive a data breach letter, it is highly likely that your information was leaked. The first thing to do after receiving a data breach letter is to carefully review the document to determine whether your information was leaked and, if so, what data was compromised. Data breach letters also contain important information about how the unauthorized party accessed your information, what the company has done since then, and whether there have been any reports of identity theft or fraud from other victims. There is also usually a contact number you can call if you have any questions that were not answered in the letter.
It’s common knowledge that you should check your bank accounts and credit card accounts right after a data breach. This is because hackers usually try to use any stolen information as quickly as possible to avoid giving a victim time to close their accounts or otherwise limit hackers’ access to their credit. However, hackers might sit on the information they obtain through a breach before acting on it. This is usually the case when the breach did not contain all the information they need to orchestrate their crimes. While it may not be difficult for hackers to locate this additional information, it can take time to acquire. Because of this, it may not be until weeks or months after a breach that hackers can use the stolen information. Therefore, it is imperative that you frequently check all your online accounts to monitor for any suspicious activity.
Credit monitoring is a fee-based service offered by many different companies that alerts you to any suspicious activity on your credit profile. On average, credit monitoring costs between $20 to $40 per month. However, companies usually offer victims of a data breach free credit monitoring for a period of time—usually between one to two years. Indeed, Eagle Bank indicates that it will be providing victims of the breach with this service. Signing up for credit monitoring is simple and doing so provides you with an easy way to keep an eye on your credit profile, which translates to added peace of mind. Moreover, signing up for free credit monitoring doesn’t impact your rights to bring a data breach lawsuit against the company that leaked your information if the company was negligent leading up to the breach.
Fraud alerts and credit freezes are two services, both free, which are offered by the three major credit bureaus (TransUnion, Equifax, and Experian). A fraud alert puts any company that pulls your credit on notice that there is reason to believe that someone may be fraudulently using your information. A credit freeze offers an additional layer of protection by preventing any company from pulling your credit without your advance approval. The Identity Theft Resource Center has repeatedly explained that placing a credit freeze on your credit account is the single best way to prevent fraud after a data breach.
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 Eagle Bank 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.