Posted On November 13, 2024 Consumer Privacy & Data Breaches
November 13 – The BBS Financial, LLC (“BBS”) data breach lawyers at Console & Associates, P.C are investigating the data breach that was reported after the company was targeted in a recent cyber security attack. The BBS Financial data breach resulted in the names, addresses, dates of birth, government-issued identification numbers, Social Security numbers, and financial account numbers of certain individuals being compromised. It is believed to have impacted as many as 70,168 individuals.
According to a report filed with the Maine Attorney General’s office, BBS Financial fell victim to a ransomware attack in early 2024. On January 29, the company discovered unauthorized access to their computer systems, where cybercriminals had successfully extracted confidential information and demanded a ransom payment for its deletion. In response to this security incident, BBS took immediate action by:
While BBS received confirmation that the stolen data was deleted, the company cannot guarantee that the information wasn’t copied or misused before deletion. As a precautionary measure, on November 11, 2024, BBS began sending out data breach letters to all individuals whose information was potentially compromised in the incident.
BBS Financial, LLC, established in 1988, operates as a comprehensive accounting and business services firm headquartered in Methuen, Massachusetts. With over three decades of experience, the company provides essential services including tax preparation, strategic business planning, succession planning, and specialized medical billing services to clients throughout Massachusetts and Southern New Hampshire. The firm maintains a workforce of more than 25 professionals and generates approximately $5 million in annual revenue.
Our data breach lawyers are eager to speak to victims of the BBS Financial data breach to determine what damages they sustained and what compensation may be available to them. If you recently received a NOTICE OF DATA BREACH from BBS Financial and would like a free consultation, contact the Console & Associates, P.C. law firm at (866) 778-5500 to discuss your legal options, or submit a confidential contact form.
