On October 17, 2024, Schreck Financial Group, LLC (“Schreck Financial “) filed a notice of data breach with the Attorney General of Montana after discovering that suspicious activity within a company email account resulted in an unauthorized party being able to access sensitive information belonging to certain individuals. Upon completing its investigation, Schreck 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 Schreck Financial Group, LLC, 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 Schreck Financial Group data breach. For more information, please see our recent piece on the topic here.
What Caused the Schreck Financial Group Data Breach?
The Schreck Financial Group data breach was only recently announced, and more information is expected in the near future. However, Schreck Financial’s filing with the Attorney General of Montana provides some important information on what led up to the breach. According to this source, on August 12, 2024, Schreck Financial learned of suspicious activity within its email environment. In response, Schreck Financial secured its email system and then launched an investigation to learn more about what happened and whether any consumer information may have been compromised.
Through this investigation, Schreck Financial confirmed that one employee’s email account may have been compromised, meaning the unauthorized party was able to access the account as well as its contents, which included confidential information belonging to certain people.
After learning that sensitive consumer data was accessible to an unauthorized party, Schreck Financial Group reviewed the compromised files to determine what information was leaked and which consumers were impacted. Schreck Financial completed this process on October 1, 2024. Schreck Financial then set out to locate contact information for all affected individuals, which the company completed on October 3, 2024.
On October 17, 2024, Schreck Financial Group 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 Schreck Financial Group, LLC
Founded in 1957, Schreck Financial Group, LLC is an independent financial firm based out of Wichita, Kansas. Schreck Financial serves high net-worth investors, medical professionals, business owners & entrepreneurs, and others, helping them reach their financial objectives. Schreck Financial Group employs more than 25 people and generates approximately $7 million in annual revenue.
