On May 23, 2023, Populus Financial Group, Inc. filed a notice of data breach with the Attorney General of Maine after experiencing a cybersecurity event that compromised confidential consumer information that had been entrusted to the company. Based on the company’s official filing, the incident resulted in an unauthorized party gaining access to consumers’ names and financial account information. After confirming that consumer data was leaked, Populus began sending out data breach notification letters to all individuals who were impacted by the recent data security incident.
If you received a data breach notification, it is essential you understand what is at risk and what you can do about it. As a financial services company, Populus maintains vast information on behalf of account holders, which hackers can use to commit fraud or identity theft against victims. 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 Populus Financial Group data breach, please see our recent piece on the topic here.
What We Know So Far About the Populus Financial Group Breach
News of the Populus Financial Group data breach is still fresh; however, what we know at this point comes from the company’s filing with the Maine Attorney General. According to this source, on March 9, 2023, Populus learned of a potential data security incident. In response, the company launched an investigation to learn more about the nature and scope of the incident, as well as whether any consumer data was compromised as a result.
The Populus investigation confirmed that an unauthorized party was able to access data that had been entrusted to the company between the dates of March 9, 2023 and March 10, 2023.
Upon discovering that sensitive consumer data was made available to an unauthorized party, Populus Financial Group 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 and financial account information.
On May 23, 2023, Populus Financial Group sent out data breach letters to all individuals whose information was compromised as a result of the recent data security incident.
More Information About Populus Financial Group, Inc.
Populus Financial Group, Inc. is a financial services company based in Irving, Texas. The company’s major brands include ACE Cash Express®, ACE Elite® Visa® Prepaid Debit Card, ACE Flare® Account by MetaBank® and Porte™. Populus Financial Group employs more than 3,100 people and generates approximately $1.6 billion in annual revenue.
