Loring, Wolcott & Coolidge – Data Breach Investigation
In this age of technology, amidst a world of encroaching cybersecurity threats, your personal information is more vulnerable than ever. Cafferty Clobes Meriwether & Sprengel has the experience and expertise litigating data breach matters, providing compensation to victims of data breaches, and requiring businesses to enhance their data security practices to protect their consumers. If you think your information may have been compromised in a data breach, please call us at 312.782.4880 or reach us via email at lnichols@caffertyclobes.com.
Loring, Wolcott & Coolidge is a private wealth management firm based in Boston, Massachusetts.
On April 26, 2024, Loring, Wolcott & Coolidge suffered a cybersecurity breach that may have exposed sensitive personal, financial, and health-related information of current and former employees and clients. Affected individuals began receiving notification letters by mail on October 17, 2024.
While the total number of individuals impacted by the Loring, Wolcott & Coolidge data breach has not been disclosed, the compromised information could potentially include full names, home addresses, phone numbers, Social Security numbers, driver’s license or state-issued ID numbers, financial information (e.g., account number, credit or debit card number), medical information, and health insurance information.
Loring, Wolcott & Coolidge’s recent data breach is a serious matter that could inflict far-reaching consequences for those affected. The exposure of personally identifiable information, especially names and Social Security numbers, poses a significant risk of identity theft, such as criminals opening financial accounts, taking out loans, filing fraudulent tax returns, and obtaining government services in the victim’s name. Personally identifiable information can also be exposed on the Dark Web, which poses a serious threat toward the privacy and safety of many individuals. According to a recent FTC survey, the total cost of identity theft is nearly $50 billion per year, with victims losing an average of nearly $5,000 from the misuse of their personal and financial information. The exposure of protected medical information can pose an even greater danger of identity theft—such as obtaining medical services in the victim’s name, which will be charged to the victim.
Current and former clients and employees of Loring, Wolcott & Coolidge have been exposed to a heightened risk of fraud and identity theft and must now closely monitor your financial accounts. You could be at risk of incurring additional out-of-pocket costs for purchasing credit monitoring services, credit freezes, credit reports, or other protective measures to deter and detect identity theft.
Cafferty Clobes Meriwether & Sprengel has the experience and expertise litigating data breach matters, providing compensation to victims of data breaches, and requiring businesses to enhance their data security practices to protect their consumers. If you suspect your sensitive personal, financial, and health-related information may have been compromised in the Loring, Wolcott & Coolidge data breach, you must take action to protect both your personal and financial well-being. Please call us at 312.782.4880 or reach us via email at lnichols@caffertyclobes.com.
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October 18, 2024Share on Social Media