On November 9, 2023, Cinfed Federal Credit Union (”Cinfed CU”) filed a notice of data breach with the Attorney General of Maine after discovering that an unauthorized party was able to access portions of the company’s computer system. In this notice, Cinfed CU explains that the incident resulted in an unauthorized party being able to access consumers’ sensitive information, which includes their names, Social Security numbers and financial account information. Upon completing its investigation, Cinfed CU began sending out data breach notification letters to all individuals whose information was affected by the recent data security incident.
If you received a data breach notification from Cinfed Federal Credit Union, it is essential you understand what is at risk and what you can do about it. A data breach lawyer can help you learn more about how to protect yourself from becoming a victim of fraud or identity theft, as well as discuss your legal options following the Cinfed Credit Union data breach. For more information, please see our recent piece on the topic here.
What Caused the Data Breach Affecting Cinfed Credit Union?
The Cinfed Credit Union data breach was only recently announced, and more information is expected in the near future. However, Cinfed CU’s filing with the Attorney General of Maine provides some important information on what led up to the breach. According to this source, Cinfed CU recently learned that it was the victim of a cyberattack. Evidently, Cinfed CU was made aware of the incident when it learned that an unauthorized party was able to access the company’s computer network.
In response, Cinfed CU took steps to contain the incident, notified law enforcement, and then launched an investigation with the help of outside data security experts.
The Cinfed CU investigation confirmed its corporate network was accessed by an unauthorized party between September 22, 2023 and September 25, 2023, and that, during that time, the unauthorized party accessed documents on its network.
After learning that sensitive consumer data was accessible to an unauthorized party, Cinfed Credit Union reviewed the compromised files to determine what information was leaked and which consumers were impacted. Cinfed Credit Union completed this process on October 23, 2023. While the breached information varies depending on the individual, it may include your name, Social Security number and financial account information.
On November 9, 2023, Cinfed Credit Union sent out data breach letters to anyone who was affected by the recent data security incident. These letters should provide victims with a list of what information belonging to them was compromised.
More Information About Cinfed Federal Credit Union
Founded in 1943, Cinfed Federal Credit Union is a financial institution based out of Cincinnati, Ohio. Cinfed CU provides traditional services found at most banks and credit unions, including individual and business checking and savings accounts, personal loans, credit cards, mortgages, and investment products. Cinfed operates nine branches in and around Cincinnati. Cinfed Credit Union employs more than 101 people and generates approximately $28 million in annual revenue.
