Financial Asset Management Systems Data Breach
Last Updated on October 3, 2024
At A Glance
- What's Going On?
- Attorneys need to hear from people affected by the Financial Asset Management Systems data breach as they investigate whether a class action lawsuit can be filed.
- Does This Cost Anything?
- It costs nothing to get in touch or to talk to someone about your rights.
- What Can I Get?
- If filed and successful, a class action lawsuit could provide consumers with money for any harm resulting from the breach.
Financial Asset Management Systems Data Breach:
Lawsuit Investigation
Attorneys working with ClassAction.org are looking into whether a class action lawsuit can be filed in light of the Financial Asset Management Systems data breach.
As part of their investigation, they need to hear from individuals who received a notice stating they were impacted.
On March 31, 2023, Financial Asset Management Systems (FAMS), which offers financial collection services, experienced a network disruption that affected its ability to access certain files on its network. Subsequent investigation found that unauthorized individuals were able to acquire specific information from FAMS' network. After completing a thorough review, FAMS initiated the process of notifying its affected clients starting from August 31, 2023.
Letters have been sent to both customers of Navient Portfolio Management, LLC and Loan Science, LLC. FAMS' online data breach notice says information including names, billing account numbers, costs paid and balances due may have been disclosed; however, its consumer notification letters also mention that Social Security numbers were breached.
If your information was exposed in the breach, attorneys want to hear from you. You may be able to start a class action lawsuit to recover compensation for loss of privacy, time spent dealing with the breach, out-of-pocket costs, and more.
A successful case could also force Financial Asset Management Systems to ensure it takes proper steps to protect the information it was entrusted with.
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ClassAction.org is a group of online professionals who are committed to exposing corporate wrongdoing and giving consumers the tools they need to fight back.
We've been reporting on the legal space for nearly a decade and have built relationships with class action and mass tort attorneys across the country.
