Turke & Strauss LLP, a leading data breach law firm, is investigating Fiduciary Outsourcing, LLC regarding its recent data breach. The Fiduciary Outsourcing data breach involved personal identifiable information belonging to an undetermined number of individuals.
ABOUT FIDUCIARY OUTSOURCING, LLC:
Fiduciary Outsourcing is a provider of fiduciary retirement plan administration for qualified retirement plans.3 Founded in 2014, Fiduciary Outsourcing’s team of ERISA retirement plan experts are uniquely qualified to step in as plan fiduciary and assume the liability of the plan’s administrative functions.3 Today, Fiduciary Outsourcing offers 3(16) administration services such as payroll integration, loan & distribution approval, participant notices, enrollment packages, and 5500 review & signing.4 Headquartered in Pheonix, Arizona, Fiduciary Outsourcing employs over 10 individuals.
WHAT HAPPENED?
Recently, Fiduciary Outsourcing discovered that it had experienced a data breach in which personal identifiable information may have been accessed and acquired. Through its investigation, Fiduciary Outsourcing determined that an unauthorized party may have accessed this sensitive information through a vulnerability in the MOVEit Transfer file sharing software, which Fiduciary Outsourcing uses, on May 31, 2023. On March 19, 2024, Fiduciary Outsourcing began notifying individuals whose information may have been impacted. The type of information potentially exposed includes:
- Name
- Social Security number
If you received a breach notification letter from Fiduciary Outsourcing, LLC:
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 Fiduciary Outsourcing data breach, you may consider taking the following steps to protect your personal information.
- Carefully review the breach notice and retain a copy;
- Enroll in any free credit monitoring services provided by Fiduciary Outsourcing, LLC:
- Change passwords and security questions for online accounts;
- Regularly review account statements for signs of fraud or unauthorized activity;
- Monitor credit reports for signs of identity theft; and
- Contact a credit bureau(s) to request a temporary fraud alert.
LINKS:
[1] https://apps.web.maine.gov/online/aeviewer/ME/40/a8172236-e484-4e55-b71c-442872161634.shtml
[2] https://www.mass.gov/doc/assigned-data-breach-number-2024-541-fiduciary-outsourcing-llc/download
[3] https://www.316fiduciaries.com/who-we-are/
[4] https://www.linkedin.com/company/fiduciary-outsourcing-llc/about/