On August 4, 2023, Loren D. Stark Company filed a notice of data breach with the Attorney General of Vermont after discovering that the company was the target of a recent cyberattack. In this notice, LDS explains that the incident resulted in an unauthorized party being able to access consumers’ sensitive information, which includes their full names and Social Security numbers. Upon completing its investigation, LDS 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 Loren D. Stark Company, it is essential you understand what is at risk and what you can do about it. While any data breach is cause for concern, those impacting your Social Security number are the most alarming. This is because hackers can easily use stolen SSNs to carry out identity theft and other frauds against you. 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 Loren D. Stark Company data breach. For more information, please see our recent piece on the topic here.

What Caused the Loren D. Stark Company Breach?

The Loren D. Stark Company data breach was only recently announced, and more information is expected in the near future. However, LDS’s filing with the Attorney General of Vermont provides some important information on what led up to the breach. According to this source, recently, LDS detected unauthorized access within its computer system, which the company believed to be the result of a cyberattack. In response, LDS secured its network and then began working with third-party data security specialists to investigate the incident.

Loren D. Stark Company’s investigation confirmed that, on October 18, 2022, an unauthorized party had gained access to portions of the company’s computer system, including files containing confidential consumer information.

After learning that sensitive consumer data was accessible to an unauthorized party, Loren D. Stark Company reviewed the compromised files to determine what information was leaked and which consumers were impacted. Loren D. Stark Company completed this process on June 16, 2023. While the breached information varies depending on the individual, it may include your full name and Social Security number.

On August 4, 2023, Loren D. Stark Company 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 Loren D. Stark Company

Loren D. Stark Company is a retirement plan consulting and administration firm based out of Houston, Texas. LDS helps employers develop customized retirement plans designed to fit the needs of their employers. LDS specializes in pension, profit sharing, cash balance, employee stock ownership and 401(k) plan administration. Loren D. Stark Company employs more than 73 people and generates approximately $51 million in annual revenue.