On October 28, 2024, CUSO Financial Services, LP (“CUSO”) discovered that an incident at a third-party service provider resulted in unauthorized access to CUSO employee accounts and filed a data complaint with the Maine Attorney General. I have filed a notification of infringement. In the notice, CUSO explains that as a result of this incident, unauthorized parties now have access to sensitive consumer information. After completing the investigation, CUSO began sending data breach notification letters to all 75,116 people whose information was affected by the recent data security incident.
If you receive a data breach notification from CUSO Financial Services, LP, it is important to understand what is at risk and what you can do about it. A data breach attorney can learn more about how to protect yourself from becoming a victim of fraud and identity theft, as well as discuss your legal options after a data breach with CUSO Financial Services. For more information, see our recent article on this topic here.
What caused the CUSO Financial Services data breach?
The CUSO Financial Services data breach was only recently announced, and more information is expected to be released in the near future. However, documents submitted by CUSO to the Maine Attorney General’s Office contain important information about what led to the breach. According to this source, on January 19, 2024, CUSO learned of suspicious activity involving a third-party service provider used by CUSO for FINRA-required archiving of communications.
In response, CUSO initiated an investigation that ultimately determined that an unauthorized person was able to access CUSO employee accounts between December 19, 2023 and January 19, 2024. It was done. It was later determined that the unauthorized person was able to access certain sensitive information while in the employee’s home. account.
After learning that sensitive consumer data was accessible to unauthorized parties, CUSO Financial Services investigated the compromised files and determined what information was exposed and which consumers were affected. I have identified it. CUSO recently completed this review process.
On October 28, 2024, CUSO Financial Services sent a personalized data breach letter to everyone affected by the recent data security incident. Data breach letters published on the Maine Attorney General’s website do not list the type of data that was compromised, but personalized data breach letters let victims know what information was compromised. It should provide you with a list of the following.
More information about CUSO Financial Services, LP
CUSO Financial Services, LP is a broker-dealer and a subsidiary of Atria Wealth. Based in San Diego, California, CUSO specializes in serving credit unions and banks, as well as bank- or credit union-owned broker-dealers. In October 2024, CUSO’s parent company, Atria Wealth, was acquired by LPL Financial. CUSO Financial Services has more than 670 employees and generates annual revenues of approximately $354 million.
