Posted On March 3, 2023 Consumer Privacy & Data Breaches
March 3, 2023 – Hatch Bank was informed by cybersecurity company Fortra on February 28, 2023, that files kept on Fortra’s system containing private customer information had been subject to unauthorized access. Hatch Bank then filed notification of a data breach with the Maine Attorney General. The incident led to an unauthorized party obtaining access to the names and Social Security numbers of customers, according to the company’s filing. Hatch Bank sent data breach notification letters to all 139,493 individuals affected by the recent data security incident as soon as it was confirmed that customer data had been leaked.
The Hatch Bank/Fortra data breach is being investigated by the data breach lawyers at Console & Associates, P.C. We are providing free consultations where we can go over your legal options if you have received a breach notice and are curious about what you can do to protect yourself and whether you may be eligible for financial compensation from Hatch Bank and Fortra.
According to Hatch Bank’s filing made with the Maine Attorney General on January 29, 2023, Fortra was the target of a hack following knowledge of a flaw in the company’s software. After that, on February 3, 2023, Fortra informed Hatch Bank that between January 30, 2023, and January 31, 2023, data on Fortra’s GoAnywhere site were accessed by an unauthorized party.
In reaction, Hatch Bank tightened up its systems and started investigating the incident to find out what data was compromised. Following an investigation by the business, it was determined that some of the files that were made available to the unauthorized party included some that contained private customer data. Hatch Bank finished the investigation on February 7, 2023. Your name and Social Security number may have been exposed, though the specifics depend on the individual.
On February 28, 2023, all people whose information was compromised due to the incident received data breach letters from Hatch Bank.
Based in San Marcos, California, Hatch Bank is both a bank and a technology business. The business runs the fintech platform Powered by Hatch, which connects to APIs and provides rates comparable with those of major financial institutions. The yearly revenue of Hatch Bank is about $5 million, and it employs over 25 people. Located in Eden Prairie, Minnesota, Fortra specializes in cybersecurity. Additionally, the business offers cybersecurity counseling services. Over 3,000 individuals work for Fortra, bringing in about $800 million annually.
As a consumer, you likely had no qualms about giving your sensitive information to companies like Hatch Bank and Fortra. The assumption that a company with reputations like those of Hatch Bank and Fortra could keep your information secure has been called into question with this data breach. It is the company’s duty to provide security and be vigilant in its defense of sensitive consumer information.
If you have received a notification letter that you are a victim of the data breach, you may be able to pursue a lawsuit against Hatch Bank and Fortra and receive financial compensation. Knowing your rights in a situation like this is crucial.
The consumer privacy lawyers at Console & Associates, P.C. help customers affected by data and security breaches pursue legal solutions by offering free consultations. By explaining your rights in clear, concise terms, we help you make an informed decision about your next steps. If you are a victim of the Hatch Bank data breach, Console & Associates, P.C. will investigate at no charge to you and offer advice on how to proceed. If you decide to pursue a case, rest assured that we don’t get paid unless you do. If your claim is successful, legal fees are either paid out of the funds recovered or by the defendant. If your claim is not successful, you pay nothing.
To schedule your free consultation, just call (866) 778-5500 today or fill out our secure contact form.
Below is a portion of the letter sent to affected individuals:
Dear [Redacted],
Hatch Bank writes to inform you of a recent incident that may impact the privacy of some of your information. On February 3, 2023, Hatch Bank received notice that our third-party technology vendor, Fortra, suffered a cyber incident. While we are currently unaware of any actual or attempted misuse of your information, we are providing you with information about the incident, our response, and steps you may take to help protect your information, should you feel it is appropriate to do so.
What Happened? On January 29, 2023, Fortra experienced a cyber incident when they learned of a vulnerability located in their software. On February 3, 2023, Hatch Bank was notified by Fortra of the incident and learned that its files contained on Fortra’s GoAnywhere site were subject to unauthorized access. Fortra’s investigation determined that, between January 30 and January 31, 2023, someone without authorization had access to certain files stored within Fortra’s GoAnywhere site. We then launched a diligent and comprehensive review of relevant files to determine the information that may have been impacted.
What Information Was Involved? On February 7, 2023, we determined the information that may have been impacted by this incident includes your name . Again, at this time, we have no indication that your information was subject to actual or attempted misuse as a result of this incident.
What We Are Doing. The confidentiality, privacy, and security of information within our care are among our highest priorities. Upon being notified of this incident, Hatch Bank immediately launched an internal investigation to determine who may have been affected by this third-party incident.
What You Can Do. Please review the enclosed Steps You Can Take to Help Protect Your Information, which contains information on what you can do to better protect against possible misuse of your information. We encourage you to remain vigilant against potential incidents of identity theft and fraud, to review your account statements, and to monitor your credit reports for suspicious activity. You will also find information on how to enroll in the credit monitoring services offered. You may also enroll in the complimentary credit monitoring services we are offering to you.
For More Information. We understand that you may have questions that are not addressed in this letter. If you have additional questions, please call the dedicated assistance line at 1-833-570-2931, which is available Monday through Friday, between the hours of 8:00 a.m. and 8:00 p.m. Eastern Time, excluding major U.S. holidays. You may also write to Hatch Bank at 1001 West San Marcos Blvd. #125, San Marcos, CA 92078.
