Hafetz and Associates: Hafetz & Associates $505K Data Breach Class Action Settlement

Hafetz and Associates: Hafetz & Associates $505K Data Breach Class Action Settlement

Hafetz & Associates $505K Data Breach Class Action Settlement

Individuals who previously received a notice letter informing them that their personal information may have been compromised in the Hafetz & Associates data breach discovered in October 2023, may be eligible to submit a claim for up to $10,000 and credit monitoring, from a class action settlement. The data incident affected approximately 31,590 individuals.

Hafetz & Associates LLC has agreed to pay $505,000 to settle a class action lawsuit. The class action claimed that the company failed to adequately protect personal information after a cybersecurity incident. Compromised information included names, Social Security numbers, driver’s license numbers, financial account details and insurance benefit information.

Who is eligible for a data breach settlement payout?

Class members are individuals who reside in the United States and received a notice from Hafetz & Associates informing them that their personally identifiable information (PII) may have been accessed during a data breach, which occurred between July 24, 2023, and Oct. 12, 2023.

How much is the class action settlement payment?

Class members can claim one or more of the following:

Reimbursement for economic losses : Class members can claim up to $10,000 for actual, documented out-of-pocket expenses directly related to the data incident. Eligible expenses include:

: Class members can claim up to $10,000 for actual, documented out-of-pocket expenses di

Source: https://www.claimdepot.com/settlements/hafetz-data-settlement

Hafetz and Associates cybersecurity rating report: https://www.rankiteo.com/company/hafetz-and-associates

"id": "HAF1764605449",
"linkid": "hafetz-and-associates",
"type": "Breach",
"date": "10/2023",
"severity": "85",
"impact": "4",
"explanation": "Attack with significant impact with customers data leaks"
{'affected_entities': [{'customers_affected': '31,590 individuals',
                                     'industry': 'Legal Services',
                                     'location': None,
                                     'name': 'Hafetz & Associates LLC',
                                     'size': None,
                                     'type': 'Law Firm'}],
              'customer_advisories': 'Notice letters sent to 31,590 affected '
                                     'individuals',
              'data_breach': {'data_encryption': None,
                              'data_exfiltration': 'Likely (data accessed by '
                                                   'unauthorized parties)',
                              'file_types_exposed': None,
                              'number_of_records_exposed': '31,590',
                              'personally_identifiable_information': ['Names',
                                                                      'Social '
                                                                      'Security '
                                                                      'numbers',
                                                                      'Driver’s '
                                                                      'license '
                                                                      'numbers'],
                              'sensitivity_of_data': 'High (includes SSNs, '
                                                     'driver’s license '
                                                     'numbers, financial '
                                                     'details)',
                              'type_of_data_compromised': ['Personally '
                                                           'Identifiable '
                                                           'Information (PII)',
                                                           'Financial Data',
                                                           'Insurance '
                                                           'Information']},
              'date_detected': '2023-10-01',
              'description': 'Hafetz & Associates LLC agreed to pay $505,000 '
                             'to settle a class action lawsuit after a data '
                             'breach discovered in October 2023 compromised '
                             'personal information of approximately 31,590 '
                             'individuals. The breach exposed names, Social '
                             'Security numbers, driver’s license numbers, '
                             'financial account details, and insurance benefit '
                             'information. Affected individuals may claim up '
                             'to $10,000 in reimbursement and credit '
                             'monitoring.',
              'impact': {'brand_reputation_impact': 'Potential reputational '
                                                    'damage due to class '
                                                    'action lawsuit and public '
                                                    'disclosure of breach',
                         'conversion_rate_impact': None,
                         'customer_complaints': None,
                         'data_compromised': ['Names',
                                              'Social Security numbers',
                                              'Driver’s license numbers',
                                              'Financial account details',
                                              'Insurance benefit information'],
                         'downtime': None,
                         'financial_loss': '$505,000 (settlement amount)',
                         'identity_theft_risk': 'High (due to exposure of '
                                                'SSNs, driver’s license '
                                                'numbers, and financial '
                                                'details)',
                         'legal_liabilities': '$505,000 settlement for class '
                                              'action lawsuit',
                         'operational_impact': None,
                         'payment_information_risk': 'High (financial account '
                                                     'details compromised)',
                         'revenue_loss': None,
                         'systems_affected': None},
              'initial_access_broker': {'backdoors_established': None,
                                        'data_sold_on_dark_web': None,
                                        'entry_point': None,
                                        'high_value_targets': None,
                                        'reconnaissance_period': None},
              'investigation_status': 'Settled (class action lawsuit resolved)',
              'post_incident_analysis': {'corrective_actions': 'Settlement '
                                                               'payouts and '
                                                               'credit '
                                                               'monitoring for '
                                                               'affected '
                                                               'individuals',
                                         'root_causes': 'Failure to adequately '
                                                        'protect personal '
                                                        'information (as '
                                                        'claimed in the '
                                                        'lawsuit)'},
              'ransomware': {'data_encryption': None,
                             'data_exfiltration': None,
                             'ransom_demanded': None,
                             'ransom_paid': None,
                             'ransomware_strain': None},
              'references': [{'date_accessed': None,
                              'source': 'Class Action Settlement Notice',
                              'url': None}],
              'regulatory_compliance': {'fines_imposed': None,
                                        'legal_actions': 'Class action lawsuit '
                                                         'settled for $505,000',
                                        'regulations_violated': None,
                                        'regulatory_notifications': None},
              'response': {'adaptive_behavioral_waf': None,
                           'communication_strategy': 'Notice letters sent to '
                                                     'affected individuals '
                                                     '(between July 24, 2023, '
                                                     'and Oct. 12, 2023)',
                           'containment_measures': None,
                           'enhanced_monitoring': None,
                           'incident_response_plan_activated': None,
                           'law_enforcement_notified': None,
                           'network_segmentation': None,
                           'on_demand_scrubbing_services': None,
                           'recovery_measures': 'Class action settlement '
                                                'offering reimbursement (up to '
                                                '$10,000) and credit '
                                                'monitoring to affected '
                                                'individuals',
                           'remediation_measures': None,
                           'third_party_assistance': None},
              'title': 'Hafetz & Associates $505K Data Breach Class Action '
                       'Settlement',
              'type': 'Data Breach'}
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