Posted On April 6, 2022 Consumer Privacy & Data Breaches

Data Breach Alert: Parker-Hannifin Corporation

On April 5, 2022, Parker-Hannifin Corporation announced a data breach affecting the sensitive information of certain employees.

It is essential employees who receive a data breach notification from Parker-Hannifin understand what is at risk. The data breach lawyers at Console & Associates, P.C. are actively investigating the Parker-Hannifin data breach. As a part of our investigation, we are providing free consultations to any employees affected by the breach who are 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 Parker-Hannifin.

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.

What We Know So Far About the Parker Hannifin Breach

According to an official SEC filing by the company, on April 5, 2022, Hannifin Parker learned that an unauthorized party gained access to the company’s computer systems. The breach date was listed as March 14, 2022. In response. Hannifin Parker launched an investigation to learn more about the incident, as well as the specific information that was compromised. While the company has not yet determined the extent of the compromised data, it expressed that “the Company believes some data was accessed and taken and may include personal information of Company team members.”

Should Parker-Hannifin confirm that employee data was leaked, the company will likely send out data breach notification letters in the future.

Parker-Hannifin is a company that creates various technologies for the aerospace and manufacturing sectors. Parker operates in 50 countries, bringing products to customers in 113 countries across the world. The company’s headquarters is in Cleveland, Ohio. Parker-Hannifin employs approximately 55,000 people worldwide and generates roughly $15 billion in annual revenue. The company is traded on the New York Stock Exchange under the ticker symbol “PH.”

Can Employees Whose Data Was Leaked Pursue Legal Action Against a Company?

When you decided to go to work for Parker, you trusted the company to keep your sensitive information safe. However, news of the Parker data breach raises some very serious questions about the company’s data security measures and whether it could have done more to prevent this type of cyberattack.

Regardless of the industry, all businesses have a legal obligation to protect the employee 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.

Employees whose personal, identifying, financial or healthcare-related data was compromised in a data breach can pursue legal action against an employer that misused or mishandled their information. However, the investigation into the Parker Hannifin breach is only in its beginning phases. For that reason, it is too early to tell if Parker was legally responsible for the breach. However, our data breach attorneys are investigating the Parker-Hannifin security breach to determine the potential legal remedies for affected employees.

If you have questions about your ability to pursue a data breach class action lawsuit against Parker, contact a data breach attorney as soon as possible.

What to Do If You Received a Data Breach Notification from Parker

If you receive a data breach notification from Parker 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:

1. Figure Out What Information Was Stolen: Carefully review the data breach letter sent by Parker, keeping in mind the type of information your employer possessed. You should also take a copy of the data breach letter and keep it for your records. Of course, data breach letters are not always easy to understand. A consumer privacy lawyer can help victims of a data breach understand what was compromised and how to protect themselves.
2. Prevent the Hacker from Accessing Your Accounts: Once you determine the scope of the breach and how it affected you, you should take all steps to prevent cybercriminals from accessing your credit or financial accounts. For example, you should change all passwords and security questions for your online accounts. You should also consider setting up multi-factor authentication where it is available.
3. Protect Your Credit and Your Financial Accounts: In the wake of a data breach, employers usually provide free credit monitoring services for a specified period of time. This is not a gimmick, and you do not give up any rights by taking your employer up on their offer. Additionally, you should contact one of the three main credit bureaus to request a copy of your credit report. Even if you do not notice any signs of fraud or unauthorized activity, it is a good idea to request a fraud alert. Fraud alerts are free and serve as a red flag to potential lenders and creditors that your information was compromised.
4. Consider a Credit Freeze: A credit freeze prevents access to your credit report unless you specifically authorize it. Credit freezes are free and last until you remove them. While placing a credit freeze on your accounts may initially seem like a drastic measure, according to the Identity Theft Resource Center (“ITRC”), doing so is the “single most effective way to prevent a new credit/financial account from being opened.” However, ITRC reports that just 3% of consumers whose information is leaked place a freeze on their accounts. Once a credit freeze is in place, you can temporarily lift the freeze if you need to apply for any type of credit.
5. Regularly Monitor Your Credit Report and Financial Accounts: Protecting yourself in the wake of a data breach is not a one-time task. You should continually monitor your credit report and all financial accounts, keeping an eye out for any signs of unauthorized activity or fraud. You may also consider calling your banks and credit card companies to report the fact that your information was compromised in a data breach.

If You Have Questions About Your Rights Following the Parker Hannifin Data Breach, Console & Associates, P.C. Can Help

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 Parker 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.

To schedule your free consultation, just call (866) 778-5500 today or fill out our secure contact form.