Posted On April 26, 2022 Consumer Privacy & Data Breaches
April 26, 2022 – Recently, Liberty Partners Financial Services, LLC posted a notice on its website of a data breach stemming from an unauthorized party gaining access to an employee’s email account. As a result of the breach, the following information in Liberty Partners’ possession was leaked as it relates to certain individuals: names, dates of birth, Social Security numbers, identification numbers, financial account information, biometric data, medical information, and health insurance information. On April 22, 2022, Liberty Partners sent out data breach letters to all affected parties informing them of the incident.
The data breach lawyers at Console & Associates, P.C. are actively investigating the Liberty Partners Financial Services data breach. Our law firm is investigating the Liberty Partners data breach and is currently seeking to interview as many victims of the breach as possible to determine how they were impacted and what legal options may be available to them. If you would be willing to participate in the investigation and would like to have a free consultation and case evaluation, please contact us as soon as possible.
In 2021, there were 1,862 data breaches affecting more than 189,000,000 individuals. Victims of identity theft spend, on average, 200 hours and more than $1,300 recovering their identity. Many of these victims also suffer credit damage, emotional distress, and may even end up with a criminal record. Taking immediate action is the best way to prevent the worst consequences of a data breach.
According to an official notice filed by the company, on September 17, 2021, Liberty Partners Financial Services detected that an unauthorized party may have accessed an employee’s email account. In response, the company looked into the incident to determine its cause, as well as whether any consumer information was leaked as a result. This investigation confirmed that the unauthorized party was able to access certain files containing sensitive consumer data.
Upon learning of the extent of the security breach, Liberty Partners Financial Services then reviewed the affected files to determine what information was compromised and to who it belonged. The company completed this process on March 30, 2022. While the compromised information varies based on the individual, it may include your name, date of birth, Social Security number, driver’s license/state identification number, passport number, financial account number, routing number, payment card number, card CVV/expiration date, biometric data, medical information, and health insurance information.
On April 22, 2022, Liberty Partners Financial Services began sending out data breach notification letters to all individuals whose information was compromised as a result of the recent data security incident.
Liberty Partners Financial Services, LLC is a comprehensive, independent financial services company based in Bakersfield, California. The company was founded in 2004 and is a registered broker dealer, registered investment advisor, and insurance agency. Liberty Partners provides investment advice, estate planning and charitable planning services to its clients across the United States. Liberty Partners Financial Services employs 41 people and generates $56 million in annual revenue.
When you allowed Liberty Partners access to your personal data, you trusted the company to keep your sensitive information safe. However, news of the Liberty Partners 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 misused or mishandled their information. However, the investigation into the Liberty Partners Financial Services breach is only in its beginning phases. For that reason, it is too early to tell if Liberty Partners was legally responsible for the breach. However, our data breach attorneys are investigating the Liberty Partners Financial Services 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 Liberty Partners, contact a data breach attorney as soon as possible.
If you receive a data breach notification from Liberty Partners in the coming weeks, it means your personal data 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 Liberty Partners 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.
Below is a copy of the initial data breach letter issued by Liberty Partners Financial Services, LLC:
Liberty Partners Financial Services, LLC writes to notify you of an incident that may impact the privacy of certain information provided to us. We take this incident very seriously and are providing you information about the incident, our response, and steps you can take to help protect your information.
On September 17, 2021, we identified unusual activity in an employee’s email account. We immediately began an investigation, which included working with third-party forensic specialists to determine the full nature and scope of the activity. The investigation determined there was unauthorized access to additional employee email accounts. Therefore, in an abundance of caution, together with outside consultants, we conducted a review of the contents of the impacted email accounts to determine the types of information contained therein and to whom the information related. On March 30, 2022, that time-consuming review was completed and we then worked to confirm contact information to notify potentially impacted individuals. The information present in the accounts at the time of the unauthorized access included your name in combination with the following: <<data elements>>.
In response to this incident, we enhanced our user log-in security protocol, changed all user email account passwords, and are reviewing our policies and procedures related to data security. Additionally, although we have no evidence of actual or attempted misuse of any information as a result of this incident, we are providing you access to <<12/24>> months of credit monitoring and identity protection services at no cost to you. Instructions about how to enroll in these services as well as additional resources available to you are included in the enclosed “Steps You Can Take to Help Protect Your Information.”
We understand you may have questions about this incident. You may contact our dedicated assistance line at 1-833-940-2300, Monday through Friday from 9 am – 9 pm ET (excluding major U.S. holidays), or write to us at 119 Simmons St, Mount Pleasant, South Carolina, 29464.
We sincerely regret any concern this incident may cause you. The privacy and security of information is important to us, and we will continue to take steps to protect the information in our care.