On August 22, 2023, MidFirst Bank filed a notice of data breach with the Attorney General of Texas after discovering that consumer information that had been entrusted to the company was subject to unauthorized access. In this notice, MidFirst Bank 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, MidFirst Bank 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 MidFirst Bank, it is essential you understand what is at risk and what you can do about it. As we’ve discussed in previous posts, data breaches involving your Social Security number are especially concerning due to the ease with which hackers can use your SSN to commit identity theft and other frauds. 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 MidFirst Bank data breach.
What Caused the MidFirst Bank Breach?
The MidFirst Bank data breach was only recently announced, and more information is expected in the near future. For now, MidFirst Bank’s filing with the Attorney General of Texas provides limited important information on what led up to the breach. According to this source, MidFirst recently learned about a data security incident; however, it is unclear at this point whether the incident affected MidFirst Bank’s IT network or the IT network of one of the bank’s vendors.
After learning that sensitive consumer data was accessible to an unauthorized party, MidFirst Bank 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 and financial account information.
On August 22, 2023, MidFirst Bank 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. According to the Texas Attorney General’s Data Security Breach Reports webpage, the MidFirst Bank data breach affected an estimated 20,479 people in Texas alone.
More Information About MidFirst Bank
Founded in 1982, MidFirst Bank is a financial institution based out of Oklahoma City, Oklahoma. MidFirst Bank provides the standard range of retail banking services, as well as commercial lending, wealth management, private banking and mortgage servicing. MidFirst Bank serves customers in Oklahoma, Arizona, California, Colorado, and Texas. MidFirst Bank employs more than 3,062 people and generates approximately $1.5 billion in annual revenue.
