Income and Capital Growth Strategies, Inc.

Income and Capital Growth Strategies, Inc.

In July 2013, Income and Capital Growth Strategies, Inc. experienced a data breach reported by the California Office of the Attorney General on August 12, 2013. The incident, occurring between July 12–15, involved unauthorized access to clients' sensitive personal information, including names, addresses, and Social Security numbers. The breach exposed confidential data, posing risks of identity theft, financial fraud, or misuse of personal details. While the exact number of affected individuals remains undisclosed, the compromise of such critical information particularly Social Security numbers heightens the potential for long-term harm to clients. The breach underscores vulnerabilities in the company’s data protection measures, raising concerns about compliance with privacy regulations and the adequacy of safeguards against cyber threats. Clients may face prolonged monitoring of their financial and credit activities to mitigate risks stemming from the exposure.

Source: https://oag.ca.gov/ecrime/databreach/reports/sb24-42435

TPRM report: https://www.rankiteo.com/company/sound-income-strategies

"id": "sou1020090725",
"linkid": "sound-income-strategies",
"type": "Breach",
"date": "7/2013",
"severity": "85",
"impact": "4",
"explanation": "Attack with significant impact with customers data leaks"
{'affected_entities': [{'industry': 'Investment/Wealth Management',
                        'location': 'California, USA',
                        'name': 'Income and Capital Growth Strategies, Inc.',
                        'type': 'Financial Services'}],
 'data_breach': {'data_exfiltration': 'Potential unauthorized access',
                 'personally_identifiable_information': ['names',
                                                         'addresses',
                                                         'Social Security '
                                                         'numbers'],
                 'sensitivity_of_data': 'High (includes SSNs)',
                 'type_of_data_compromised': ['Personally Identifiable '
                                              'Information (PII)']},
 'date_detected': '2013-07-15',
 'date_publicly_disclosed': '2013-08-12',
 'description': 'The California Office of the Attorney General reported a data '
                'breach involving Income and Capital Growth Strategies, Inc. '
                'on August 12, 2013. The breach occurred on or about July '
                '12-15, 2013, resulting in potential unauthorized access to '
                "clients' personal information, including names, addresses, "
                'and Social Security numbers. The number of individuals '
                'affected has not been specified.',
 'impact': {'data_compromised': ['names',
                                 'addresses',
                                 'Social Security numbers'],
            'identity_theft_risk': 'Potential (due to exposed PII)'},
 'references': [{'date_accessed': '2013-08-12',
                 'source': 'California Office of the Attorney General'}],
 'regulatory_compliance': {'regulatory_notifications': 'Reported to California '
                                                       'Office of the Attorney '
                                                       'General'},
 'response': {'communication_strategy': 'Public disclosure via California '
                                        'Office of the Attorney General'},
 'title': 'Data Breach at Income and Capital Growth Strategies, Inc.',
 'type': 'Data Breach'}
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