CUSO Financial Services - Data Breach Investigation - Cafferty Clobes Meriwether & Sprengel LLP

CUSO Financial Services – 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.

CUSO Financial Services, based in San Diego, CA, is a financial services company providing investment and wealth management solutions to credit unions across the United States.

CUSO Financial Services recently identified a cybersecurity breach that exposed sensitive personal and financial information of current and former clients and employees. Notification letters were sent to affected individuals beginning October 28, 2024.

CUSO Financial Services has disclosed that 75,116 individuals were impacted by their recent data breach. The compromised information includes full names, Social Security numbers, financial information, and driver’s license numbers.

The recent data breach at CUSO Financial Services 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 CUSO Financial Services 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 and financial information may have been compromised in the CUSO Financial Services 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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CUSO Financial Services – Data Breach Investigation

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