On July 14, 2023, Idea 247 Inc. filed a notice of data breach with the Attorney General of Maine after discovering that an unauthorized party accessed a database containing confidential consumer information. In this notice, Idea Financial explains that the incident resulted in an unauthorized party being able to access consumers’ sensitive information, which includes their names, Social Security numbers, dates of birth, email addresses, phone numbers and FICO scores. Upon completing its investigation, Idea Financial 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 Idea 247 Inc., it is essential you understand what is at risk and what you can do about it. As we’ve discussed in previous blog posts, cyberattacks expose you to a wide range of potentially serious problems, such as identity theft and other types of fraud. However, there are steps you can take to mitigate these risks. 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 Idea Financial data breach.

What Caused the Idea Financial Breach?

The Idea Financial data breach was only recently announced, and more information is expected in the near future. However, Idea Financial’s filing with the Attorney General of Maine provides some important information on what led up to the breach. According to this source, recently, Idea Financial learned that an unauthorized party was able to access a database that was maintained on the company’s computer network.

In response, Idea Financial worked to contain the incident and then launched an investigation. On June 29, 2023, the Idea Financial investigation confirmed that the files were accessible to the unauthorized party between April 26, 2023 and May 24, 2023. It was also determined that the database contained confidential consumer information.

After learning that sensitive consumer data was accessible to an unauthorized party, Idea Financial reviewed the compromised files to determine what information was leaked and which consumers were impacted. While the breached information varies depending on the individual, it may include your name, Social Security number, date of birth, email address, phone number and FICO score.

On July 14, 2023, Idea Financial 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 which information of theirs was compromised.

More Information About Idea 247 Inc.

Idea 247 Inc. is a direct small business lender based out of Miami, Florida. The company provides a range of loan products to businesses, as well as various lines of credit and a paycheck protection plan, up to a credit limit of $250,000. Idea Financial employs more than 34 people and generates approximately $17.5 million in annual revenue.