On January 17, 2025, PFS Investments Inc., a broker-dealer affiliated with Primerica (“Primerica”), filed a notice of data breach with the Attorney General of Massachusetts after discovering that information in the company’s control was subject to unauthorized access. In this notice, Primerica explains that the incident resulted in an unauthorized party being able to access consumers’ sensitive information, which includes their names, Social Security numbers, financial account information, and driver’s license numbers. Upon completing its investigation, Primerica 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 PFS Investments Inc. or Primerica, 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 Primerica data breach. For more information, please see our recent piece on the topic here.
What Caused the Primerica Data Breach?
The Primerica data breach was only recently announced, and more information is expected in the near future. However, Primerica’s filing with the Attorney General of Massachusetts provides only limited information on what led up to the breach. Moreover, the company does not appear to have posted a website notice or issued a press release providing additional details.
Based on the available information, we know that PFS Investments experienced a data security incident that affected the personal information of certain customers. While it’s possible that the incident was the result of a cyberattack against PFS Investments, it is also possible that PFS Investments is reporting a third-party data breach that occurred at one of the company’s vendors.
Either way, after learning that sensitive consumer data was accessible to an unauthorized party, Primerica 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, financial account information, and driver’s license number.
On January 17, 2025, Primerica 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 PFS Investments Inc.
Primerica, Inc. is a provider of financial services, specializing in helping middle-income families achieve financial security. Headquartered in Duluth, Georgia, the company offers a wide range of products, including term life insurance, mutual funds, annuities, and debt consolidation solutions. Primerica operates through a network of independent representatives who provide personalized financial education and solutions to clients. Primerica is closely affiliated with PFS Investments, Inc., its broker-dealer subsidiary, which provides investment services and products, allowing the company to offer a comprehensive suite of financial solutions. The company employs approximately 2,200 employees and generates an estimated $2.7 billion in annual revenue.
