Tax Favored Benefits Data Breach Investigation

Turke & Strauss LLP, a leading data breach law firm, is investigating Tax Favored Benefits, Inc. (“TFB”) regarding its recent data breach. The TFB data breach involved sensitive personal identifiable information belonging to over 10,000 individuals.

ABOUT TAX FAVORED BENEFITS, INC.:

TFB is a tax and financial services firm based in Kansas. Founded in 1978, TFB offers a variety of financial services and products to individuals and businesses, including investment management strategies, retirement planning, financial planning, estate preservation, retirement income strategy, long term care, and education planning. Headquartered in Overland Park, Kansas, TFB has one location and employs over 10 individuals.

WHAT HAPPENED?

On February 16, 2023, TFB discovered that it had experienced a data breach in which sensitive personal identifiable information may have been accessed. Through its investigation, TFB determined that an unauthorized actor may have accessed this sensitive information through an employee’s email account on or about November 30, 2022. On February 14, 2024, TFB began notifying individuals whose information may have been impacted. The type of information potentially exposed includes:

  • Name
  • Social Security number
  • Address
  • Date of birth
  • Driver’s license, government issued ID, or passport numbers
  • Financial information (e.g., account number, credit or debit card number)
  • Health insurance information

If you received a breach notification letter from Tax Favored Benefits, Inc.:

We would like to speak with you about your rights and potential legal remedies in response to this data breach. Please fill out the form, below, or contact us at (608) 237-1775 or sam@turkestrauss.com.

If you were impacted by the TFB data breach, you may consider taking the following steps to protect your personal information.

  1. Carefully review the breach notice and retain a copy;
  2. Enroll in any free credit monitoring services provided by Tax Favored Benefits, Inc.:
  3. Change passwords and security questions for online accounts;
  4. Regularly review account statements for signs of fraud or unauthorized activity;
  5. Monitor credit reports for signs of identity theft; and
  6. Contact a credit bureau(s) to request a temporary fraud alert.

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