On October 13, 2022, Royal Alliance filed a notice of a data breach on behalf of Financial Dimensions Group, Inc, a company registered with Royal Alliance to sell securities and offer investment advice. According to Royal Alliance, the breach resulted in the names, addresses, dates of birth, driver’s license numbers, financial account numbers, Social Security numbers, and other information belonging to certain clients being compromised. Recently, Royal Alliance also sent out data breach letters to all affected parties, informing them of the incident and what they can do to protect themselves from identity theft and other frauds.

What We Know About the Financial Dimensions Group Data Breach

The available information regarding the Financial Dimensions Group breach comes from the Royal Alliance filing with the Montana Attorney General. According to this source, on or around June 1, 2022, Royal Alliance was notified by FDG of a data security incident involving an organizational email account. In response, Royal Alliance secured its email environment and then launched an internal investigation to determine what, if any, client information was leaked as a result of the incident.

The company’s investigation confirmed that an unauthorized party had gained access to an employee’s email account and that emails and attachments within that account contained sensitive client information.

Upon discovering that sensitive consumer data was made available to an unauthorized party, Royal Alliance began to review the affected files to determine what information was compromised and which consumers were impacted. While the breached information varies depending on the individual, it may include your name, address, date of birth, driver’s license number, financial account number, Social Security number, and other information related to your account(s).

On October 13, 2022, Royal Alliance sent out data breach letters explaining the incident at Financial Dimensions Group and how it impacted the company’s clients.

More Information About Financial Dimensions Group, Inc.

Financial Dimensions Group, Inc. is a full-service financial firm based in Arden Hills, Minnesota. The company is not affiliated with Royal Alliance; however, FDG employees are registered with Royal Alliance for the sale of securities and provision of financial advice. FDG offers services related to the following areas: tax management, investment management, retirement strategies, estate conservation, and insurance and annuity products. The company has locations in Little Canada, Maple Grove, New Brighton and Arden Hills, MN. Financial Dimensions Group employs more than 20 financial advisors and generates approximately $20 million in annual revenue.

If you received a data breach notification, it is essential you understand what is at risk and what you can do about it. To learn more about how to protect yourself from becoming a victim of fraud or identity theft and what your legal options are in the wake of the Financial Dimensions Group data breach, please see our recent piece on the topic here.