On March 25, 2024, Newport Group, Inc. (“Newport”) filed a notice with the Attorney General of Montana after learning about a data breach that occurred at one of the company’s service providers, Infosys McCamish Systems (“Infosys McCamish”). In this notice, Newport explains that the incident resulted in an unauthorized party being able to access consumers’ sensitive information, which includes their names, Social Security numbers, addresses, phone numbers, dates of birth, and employment information. Upon completing its investigation, Newport began sending out data breach notification letters to all individuals whose information was affected by the recent data security incident.
If you received a data breach notification from Newport Group, Inc. or Infosys McCamish about information you provided to Barings LLC, it is essential you understand what is at risk and what you can do about it. A data breach lawyer can help you learn more about how to protect yourself from becoming a victim of fraud or identity theft, as well as discuss your legal options following the Newport Group / Infosys McCamish data breach. For more information, please see our recent piece on the topic here.
What Caused the Data Breach Affecting Barings Clients?
The data breach at Infosys McCamish that affected Barings customers was only recently announced, and more information is expected in the near future. However, Newport’s filing with the Attorney General of Montana provides some important information on what led up to the breach. According to this source, Infosys McCamish is a service provider that Newport uses to process transactions related to Barings deferred compensation plans. On October 29, 2023, Infosys McCamish was the target of a cyberattack in which an unauthorized party was able to access the company’s computer network, which may have included information belonging to Barings plan participants and their beneficiaries.
After learning that sensitive consumer data was accessible to an unauthorized party, Newport Group, Inc. reviewed the compromised files to determine what information was leaked and which consumers were impacted. While the breached information varies depending on the individual, it may include your name, postal address, email address, phone number, date of birth, Social Security number, employee ID and employment status.
On March 25, 2024, Newport Group, Inc. sent out data breach letters to anyone who was affected by the recent data security incident. These letters should provide victims with a list of what information belonging to them was compromised.
More Information About Newport Group, Inc., Infosys McCamish, and Barings LLC
Newport Group, Inc. is a financial services company based out of Walnut Creek, California. The company provides record keeping, plan administration, trust and custody, consulting, fiduciary consulting, and insurance products and services. In 2022, Newport merged with Ascensus, a large recordkeeping, third-party administrator and government facilitator based out of Dresher, Pennsylvania. Newport Group employs more than 1,450 people and generates approximately $436 million in annual revenue.
Infosys McCamish Systems LLC is a life insurance and retirement services company based in Atlanta, Georgia. Infosys McCamish is a subsidiary of Infosys BPO Ltd, the Business Process Outsourcing subsidiary of Infosys Limited. Infosys McCamish Systems’ parent company, Infosys Limited, is an India-based provider of IT and consulting services. Infosys Limited employs more than 314,000 people and generates approximately $18 billion in annual revenue.
Barings LLC is a financial services and investment management company based out of Charlotte, North Carolina. Barings was created in 2016 when four affiliated firms, all previously under the MassMutual umbrella, merged to create the company. As of December 31, 2023, Barings held over $381 billion in assets under management. Barings Barings employs approximately 1,800 people and generates roughly $106 million in revenue each year.
