WaterStreet Company, a provider of insurance software, experienced a major data breach that compromised the sensitive personal information of nearly 40,000 customers linked to Velocity Risk Underwriters. The incident exposed confidential data, potentially including personally identifiable information (PII) such as names, contact details, financial records, or policy-related data. While the exact method of the breach (e.g., phishing, system vulnerability, or external hack) was not specified, the scale and nature of the exposed information suggest a significant risk of identity theft, financial fraud, or reputational harm for affected clients. The breach underscores vulnerabilities in WaterStreet’s cybersecurity infrastructure, raising concerns about compliance with data protection regulations (e.g., GDPR, CCPA) and the company’s ability to safeguard client trust. No immediate reports indicated ransomware involvement or physical disruptions, but the leak’s focus on customer data aligns with high-severity cybersecurity incidents in the insurance sector, where sensitive information is a prime target for malicious actors.
TPRM report: https://www.rankiteo.com/company/waterstreetcompany
"id": "wat5432854090925",
"linkid": "waterstreetcompany",
"type": "Breach",
"date": "9/2025",
"severity": "85",
"impact": "4",
"explanation": "Attack with significant impact with customers data leaks"{'affected_entities': [{'industry': 'Insurance Software',
'name': 'WaterStreet Company',
'type': 'Company'},
{'customers_affected': '40,000',
'industry': 'Insurance/Underwriting',
'name': 'Velocity Risk Underwriters',
'type': 'Client/Partner'}],
'data_breach': {'number_of_records_exposed': '40,000',
'personally_identifiable_information': True,
'sensitivity_of_data': 'High',
'type_of_data_compromised': 'Sensitive personal information'},
'description': 'WaterStreet Company, a provider of insurance software, has '
'reported a major data breach that exposed the sensitive '
'personal information of nearly 40,000 customers associated '
'with Velocity Risk Underwriters.',
'impact': {'data_compromised': 'Sensitive personal information',
'identity_theft_risk': 'High (sensitive personal information '
'exposed)'},
'title': 'Major Data Breach Hits WaterStreet, Impacts 40,000 Velocity Risk '
'Clients',
'type': 'Data Breach'}