Major Data Breach at 700Credit Puts 5.8 Million Americans at Risk of Identity Theft

A significant data breach at 700Credit has jeopardized the personal information of over 5.8 million Americans, as reported in a notice filed with the Maine Attorney General's Office.

Key Takeaways

700Credit has reported a breach exposing the data of over 5.8 million Americans.
The compromised information includes names, Social Security numbers, and financial account details.
Individuals are advised to monitor their credit reports for unusual activities.
Regulatory bodies are investigating the breach, and more affected individuals may be identified.

700Credit data breach exposes millions to identity theft risk.

What Happened at 700Credit?

The U.S.-based financial services firm, 700Credit, announced that a data breach may have compromised sensitive information, including names, Social Security numbers, financial account information, and other private details. This incident was uncovered when unusual activity on their network prompted a forensic investigation. It confirmed unauthorized access to systems housing personal data.

The disclosed information presents risks as it contains vital details often used for identity verification and credit decision-making. Consequently, concerns regarding potential identity theft and fraud have arisen for those affected.

The Murphy Law Firm is now evaluating potential claims for those impacted by this breach, urging individuals to monitor their credit reports for any signs of suspicious activity. They also recommend considering placing fraud alerts or freezes on credit reports via major credit bureaus.

The Maine Attorney General's office has issued an alert, urging those who might be affected to take proactive measures in safeguarding their personal information and provided guidance on accessing support services.

Regulators are continuing their investigation into the breach, and it remains uncertain whether additional individuals beyond the reported 5,836,521 may also be at risk, according to the notice.