On April 26, 2024, Financial Business and Consumer Solutions, Inc. (“FBCS”) filed a notice of data breach with the Attorney General of Maine after discovering unauthorized access to certain systems in its network. In this notice, FBCS explains that the incident resulted in an unauthorized party being able to access consumers’ sensitive information, which includes their names, Social Security numbers, dates of birth, and account information. Upon completing its investigation, FBCS 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 Financial Business and Consumer Solutions, Inc., 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 Financial Business and Consumer Solutions data breach. For more information, please see our recent piece on the topic here.

What Caused the Financial Business and Consumer Solutions Data Breach?

The Financial Business and Consumer Solutions data breach was only recently announced, and more information is expected in the near future. However, FBCS’s filing with the Attorney General of Maine provides some important information on what led up to the breach. According to this source, on February 26, 2024, FBCS detected unauthorized activity within its computer network. In response, FBCS secured its systems and then began working with data security specialists to investigate the incident.

This investigation revealed that the FBCS network was subject to unauthorized access between February 14, 2024 and February 26, 2024, during which the unauthorized party was able to view and/or access confidential consumer information.

After learning that sensitive consumer data was accessible to an unauthorized party, Financial Business and Consumer Solutions 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, date of birth, and account information. FBCS began notifying its corporate clients on April 4, 2024.

On April 26, 2024, Financial Business and Consumer Solutions 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 Financial Business and Consumer Solutions, Inc.

Founded in 1982, Financial Business and Consumer Solutions, Inc. is a collection agency based out of Cape May, New Jersey. FBCS provides pre-charge off, early out, and third-party collection services for clients across a variety of industries, including consumer credit, healthcare, commercial recovery, auto loans & leases, student loans and utilities. Financial Business and Consumer Solutions employs more than 115 people and generates approximately $24 million in annual revenue.