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Console & Associates, P.C.: Flagstar Bank Files With Attorney General of Maine Giving Notice of 2021 Data Breach Affecting 1.4 Million
Flagstar Bank has released information on a data breach in a July 30, 2023, filing with the Attorney General of Maine. This details a 2021 cyberattack that compromised customer information, with an unauthorized party stealing information including names and Social Security numbers. If you receive a letter, it’s important that you review it and understand How Can Hackers Use Your SSN to commit fraud.
From there, read our Guide for Victims of Data Breaches to learn how to protect yourself and call us at 866-778-5500 or send us an email to info@consoleandassociates.com. We’ll listen to your account and incorporate it into our Flagstar data breach investigation and provide you with legal guidance. These businesses are required to hold your data responsibly, and you may be entitled to compensation if corporate negligence contributed to negative consequences for you.
To learn more about the Flagstar Bank data breach, read our blog post here: https://www.myinjuryattorney.com/flagstar-bank-data-breach-investigation/
Key Information on the Flagstar Bank Data Breach
To date, the primary source for details on the Flagstar Bank data breach is the company’s filing with the Attorney General of Maine. The filing is unusual, as it details a breach that occurred more than two years prior on January 20-22, 2021. Likewise, the notice also claims that the company informed victims of the breach on the 15th of March, 2015, almost six years before the breach occurred. Human error in the filing process may explain these discrepancies.
Nonetheless, the report goes on to say that the company discovered the breach on January 24th, 2021. From here, an internal Flagstar Bank data breach investigation worked to uncover the scope and character of the breach. The company discovered that more than 1.4 million people had lost personal information including matching pairs of names and Social Security numbers.
A stolen SSN is a long-term identity theft risk that someone can use to open bank accounts and lines of credit under your name. If you receive a letter saying that your SSN and name are exposed, you should request a credit freeze from the major credit bureaus. This will add additional safeguards and steps to any process that would use your credit, and help prevent damage to your finances or credit score. Next, contact an experienced Flagstar Bank data breach lawyer to consult you on your legal options.
Key Information About Flagstar Bank
Flagstar Bank is a Michigan-based financial institution that provides various business and consumer banking services across the United States This includes multiple states where Flagstar Bank operates, including Michigan, Ohio, California, Indiana, and Wisconsin. The company has more than 5,000 employees and an estimated annual revenue of $1.7 billion. With these resources, the bank should be able to adequately protect consumer data. If our Flagstar Bank data breach investigation indicates that negligence and poor security contributed to the breach, then victims of the breach may have a legal case against the bank.
Find out more by reaching the law firm of Console & Associates, P.C. at 866-778-5500 or send us an email to info@consoleandassociates.com. We’ll schedule a free consultation for you as soon as possible and help you explore your options to seek compensation in court.
