On July 31, 2023, Aven Financial, Inc. filed a notice of data breach with the Attorney General of Texas after discovering that an unauthorized party was able to access certain information that had been provided to the company. In its notice, Aven indicates that the incident resulted in an unauthorized party being able to access consumers’ sensitive information, which includes their names, Social Security numbers, driver’s license numbers and addresses. Upon completing its investigation, Aven 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 Aven Financial, Inc., it is essential you understand what is at risk and what you can do about it. As we’ve discussed in previous posts, companies that store your personal information have a legal responsibility to keep that information secure. This includes protecting consumer data from cyberattacks. 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 Aven Financial data breach.

What Caused the Aven Financial Breach?

The Aven Financial data breach was only recently announced, and Aven’s filing with the Attorney General of Texas provides only limited important information on what led up to the breach. However, the company also filed a notice with the Attorney General of California, which provides additional information.

According to these sources, on July 17, 2023, a security researcher informed Aven that he was able to access “an internal, in-development storage system containing personal information, through a temporary vulnerability in that system.” The researcher was not a hacker and was informing Aven so that it could cure the vulnerability. Within 45 minutes of learning about the vulnerability, Aven eliminated any future risk of unauthorized access. Aven claims that it was able to confirm that the security researcher was the only one to access the information.

After learning that sensitive consumer data was accessible to an unauthorized party, Aven Financial 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, Social Security number, driver’s license number and address.

On July 31, 2023, Aven Financial sent out data breach letters to anyone who was affected by the recent data security incident.

More Information About Aven Financial, Inc.

Aven Financial, Inc. is a financial services company based in San Francisco, California. The company focuses on providing low-cost and convenient home equity loans, up to $250,000, and provides borrowers with a card they can use to make purchases, just like they would with a credit card.