On October 1, 2024, Tidal Basin Holdco, LLC (“Tidal Basin”) filed a notice of data breach with the Attorney General of Montana after discovering that an unauthorized actor was able to access the company’s IT network. In this notice, Tidal Basin explains that the incident resulted in an unauthorized party being able to access consumers’ sensitive information. Upon completing its investigation, Tidal Basin 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 Tidal Basin Holdco, 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 Tidal Basin Holdco data breach. For more information, please see our recent piece on the topic here.
What Caused the Tidal Basin Data Breach?
The Tidal Basin data breach was only recently announced, and more information is expected in the near future. However, Tidal Basin’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 10, 2024, Tidal Basin detected suspicious activity within its computer network. In response, Tidal Basin secured its systems and then launched an investigation to learn more about the incident and to determine whether any confidential information may have been leaked.
Through this investigation, Tidal Basin confirmed that an unauthorized party accessed its network on August 10, 2024, including files containing confidential data belonging to certain individuals.
After learning that sensitive consumer data was accessible to an unauthorized party, Tidal Basin Holdco reviewed the compromised files to determine what information was leaked and which consumers were impacted. Tidal Basin recently completed this review process.
On October 1, 2024, Tidal Basin Holdco sent out data breach letters to anyone who was affected by the recent data security incident. And, while the publicly available data breach letter on the Montana Attorney General’s site doesn’t list the specific data types that were leaked, these personalized letters should provide victims with a list of what information belonging to them was compromised.
More Information About Tidal Basin Holdco, LLC
Based in Utica, New York, Tidal Basin Holdco, LLC is a national consulting firm specializing in providing state and local governments and nonprofit organizations with disaster response services. Tidal Basin provides emergency management services and enterprise solutions, and facilitates the procurement of funding for infrastructure enhancement. Tidal Basin Holdco employs more than 263 people and generates approximately $8.7 million in annual revenue.
