Fedway Associates, Inc.

Fedway Associates, Inc. suffered an external system breach (hacking) discovered on October 12, 2023, compromising the Social Security numbers (SSNs) of 2,469 individuals. The incident involved unauthorized access to sensitive personal data, posing a significant risk of identity theft and financial fraud for the affected individuals. In response, the company engaged Kroll to provide complimentary identity monitoring services for twelve months, aiming to mitigate potential harm. The breach underscores vulnerabilities in Fedway’s cybersecurity defenses, particularly in safeguarding high-value personally identifiable information (PII). While no immediate financial losses or operational disruptions were reported, the exposure of SSNs critical for identity verification heightens long-term risks for victims, including fraudulent credit applications, tax fraud, and other malicious activities. The incident also triggers regulatory scrutiny, as SSN breaches often fall under state and federal data protection laws, potentially leading to legal repercussions or fines. Fedway’s proactive offering of monitoring services reflects an attempt to restore trust, but the breach’s reputational and compliance impacts remain a concern.

Source: https://www.maine.gov/agviewer/content/ag/985235c7-cb95-4be2-8792-a1252b4f8318/44637429-8773-4280-a24b-3190e6965b5f.shtml

TPRM report: https://www.rankiteo.com/company/fedway-associates

"id": "fed741082025",
"linkid": "fedway-associates",
"type": "Breach",
"date": "9/2023",
"severity": "85",
"impact": "4",
"explanation": "Attack with significant impact with customers data leaks"

{'affected_entities': [{'customers_affected': 2469,
                        'name': 'Fedway Associates, Inc.',
                        'type': 'Corporation'}],
 'customer_advisories': ['Complimentary identity monitoring services provided '
                         'by Kroll for twelve months'],
 'data_breach': {'number_of_records_exposed': 2469,
                 'personally_identifiable_information': True,
                 'sensitivity_of_data': 'High',
                 'type_of_data_compromised': ['Social Security numbers']},
 'date_detected': '2023-10-12',
 'description': 'The Maine Office of the Attorney General reported that Fedway '
                'Associates, Inc. experienced an external system breach '
                '(hacking) affecting 2,469 individuals. The breach involves '
                'potentially compromised Social Security numbers. '
                'Complimentary identity monitoring services have been provided '
                'by Kroll for twelve months.',
 'impact': {'data_compromised': ['Social Security numbers'],
            'identity_theft_risk': 'High (Social Security numbers '
                                   'compromised)'},
 'references': [{'source': 'Maine Office of the Attorney General'}],
 'regulatory_compliance': {'regulatory_notifications': ['Maine Office of the '
                                                        'Attorney General']},
 'response': {'third_party_assistance': ['Kroll (identity monitoring '
                                         'services)']},
 'title': 'Fedway Associates, Inc. External System Breach',
 'type': 'External System Breach (Hacking)'}