On July 26, 2024, HealthEquity Inc. filed a notice of data breach with the Attorney General of Maine after discovering that an unauthorized party was able to access portions of its computer network. In this notice, HealthEquity explains that the incident resulted in an unauthorized party being able to access consumers’ sensitive information, which includes their first names, last names, addresses, telephone numbers, employers & employee ID numbers, Social Security numbers, dependent information, and payment card information. Upon completing its investigation, HealthEquity began sending out data breach notification letters to all individuals whose information was affected by the recent data security incident.

If you receive a data breach notification from HealthEquity Inc., 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 HealthEquity data breach. For more information, please see our recent piece on the topic here.

What Caused the Data Breach Affecting HealthEquity?

The HealthEquity data breach was only recently announced, and more information is expected in the near future. However, HealthEquity’s filing with the Attorney General of Maine provides some important information on what led up to the breach. According to this source, HealthEquity Inc. serves as a custodian of Health Savings Accounts as well as a directed third-party administrator of other types of plans.

On March 25, 2024, HealthEquity received an alert describing a possible data security incident. In response, HealthEquity secured its network and then launched an investigation to learn more about the incident and whether any consumer information may have been impacted.

On June 10, 2024, HealthEquity completed its investigation, confirming that an unauthorized party had been able to access certain consumer data.

After learning that sensitive consumer data was accessible to an unauthorized party, HealthEquity reviewed the compromised files to determine what information was leaked and which consumers were impacted. HealthEquity completed this process on June 26, 2024. While the breached information varies depending on the individual, it may include your first name, last name, address, telephone number, employer & employee ID number, Social Security number, dependent information, and payment card information.

On August 9, 2024, HealthEquity will send 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 HealthEquity Inc.

Established in 2002, HealthEquity is a healthcare business services company headquartered in Draper, Utah. HealthEquity serves as the custodian of Health Savings Accounts and other similar types of accounts. As of July 2022, HealthEquity managed more than 7.5 million Health Savings Accounts as well as seven million other consumer-directed benefits accounts. HealthEquity is publicly traded on the Nasdaq under the symbol HQY. HealthEquity employs more than 3,126 people and generates approximately $1 billion in annual revenue.