Posted On November 18, 2022 Consumer Privacy & Data Breaches
On November 17, 2022, The Rosewood Corporation filed notice of a data breach with the Texas Attorney General after an unauthorized party gained access to sensitive information that had been entrusted to the company. Based on the company’s official filing, the incident resulted in an unauthorized party gaining access to consumers’ names, addresses, Social Security numbers, driver’s license numbers, government identification numbers, and health insurance information. After confirming that consumer data was leaked, Rosewood 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 Rosewood 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 The Rosewood Corporation.
The available information regarding the Rosewood Corporation breach comes from the company’s filing with the Texas Attorney General. However, the Rosewood Corp. has not posted notice of the breach on its website, and the Texas AG’s “Data Security Breach Reports” page only offers limited information. Thus, all we know about the breach at this point is that it resulted in the following information being compromised:
However, on November 17, 2022, Rosewood Corporation sent out data breach letters to all individuals whose information was compromised as a result of the recent data security incident. These letters should be individually addressed to each recipient and will clarify what data types were leaked.
Founded in 1976 and based in Dallas, Texas, the Rosewood Corporation operates several smaller subsidiaries in the investment and real estate industries. Some of the Rosewood Corporation’s business lines include Rosewood Private Investments, Rosewood Property Company, Rosewood Resources, Rosewood Management Corp., Wetlands Management, and Rosewood Ranches. The Rosewood Corporation is owned by the Caroline Hunt Trust Estate. Rosewood Corporation employs more than 175 people and generates approximately $49 million in annual revenue.
The number of data breaches has increased dramatically over recent years, which is why it is hard to go more than a day without reading about one in your news feed. However, despite the fact that more than 189 million people were affected by a data breach in 2021, many consumers and businesses underestimate the harm these incidents can cause.
The reason hackers and cybercriminals carry out data breaches is to obtain sensitive consumer information they can either use themselves to commit fraud against the victims or sell to a third party. The third parties who purchase stolen information from hackers usually do so with the intent to use it to commit identity theft or similar crimes against the victims. There are a few different ways hackers can orchestrate a data breach.
Most data breaches involve malware attacks, ransomware attacks, or email phishing attacks.
Malware, or malicious software, is a program that is intended to disrupt the normal operations of a company’s computer system. Most malware programs are designed to leak information contained on the company’s network and send that information back to the hackers.
Ransomware attacks use a specific type of malware that encrypts some or all of an organization’s files, preventing it from accessing its computer network. When someone from within the organization tries to get into the computer system, they see a message from the hackers demanding they pay a ransom.
Phishing is another type of cyberattack that can be used on its own or in conjunction with a malware or ransomware attack. Phishing involves a hacker sending an email to an employee of an organization in hopes of getting the employee to click on a malicious link, download a malicious file, or provide their information directly to the hacker. While it may seem like it would be easy to spot a fraudulent email, hackers are adept at making phishing emails look authentic.
While these three types of cyberattacks differ slightly in how they are carried out, the end result is the same: hackers end up in possession of sensitive consumer information. While hackers can target any type of data, they usually aim for those data types which are most profitable. These include:
Hackers use a variety of criteria when planning a cyberattack, one of which is the strength of a company’s security system. Thus, companies can deter hackers by maintaining a robust data security system and can even prevent attempted attacks. However, doing so is expensive and requires an ongoing effort. Thus, many companies, even large ones, fail to adequately protect the consumer information in their possession.
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 Rosewood 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.