On May 3, 2023, Veridian Credit Union filed a notice of data breach with the Maine Attorney General after determining that a hacker successfully obtained access to Veridian’s online membership application process. Based on the company’s official filing, the incident resulted in an unauthorized party gaining access to consumers’ names, addresses, Social Security numbers, dates of birth and account numbers and loan numbers at other financial institutions. After confirming that consumer data was leaked, Veridian began sending out data breach notification letters to all individuals who were impacted by the recent data security incident.
If you received a data breach notification from Veridian Credit Union, it is essential you understand what is at risk and what you can do about it. It is also important that you do not disregard the letter based on the fact that you do not have an account with Veridian, as the breach involved a significant amount of non-account holder data. To learn more about how to protect yourself from becoming a victim of fraud or identity theft and what your legal options are in the wake of the Veridian Credit Union data breach, please see our recent piece on the topic here.
What We Know So Far About the Veridian Credit Union Breach
News of the Veridian Credit Union data breach is still fresh; however, what we know at this point comes from the company’s filing with the Attorney General of Maine. According to this source, Veridian recently learned that hackers had been using the company’s online membership application process to obtain credit reports in consumers’ names. Evidently, hackers would input information they had already obtained from other sources, generating a credit report in the victim’s name. The credit report then revealed additional information about the victim.
Upon discovering that sensitive consumer data was made available to an unauthorized party, Veridian Credit Union began to review the affected files to determine what information was compromised and which consumers were impacted. While the breached information varies depending on the individual, it may include your name, address, Social Security number, date of birth and account and loan numbers at other financial institutions.
On May 3, 2023, Veridian Credit Union sent out data breach letters to all individuals whose information was compromised as a result of the recent data security incident.
More Information About Veridian Credit Union
Originally founded in 1934 as the John Deere Employees Credit Union, Veridian Credit Union is a financial institution based in Waterloo, Iowa. The company operates over 30 physical locations in Iowa and Nebraska and serves clients nationwide through its digital banking products. Membership is open to anyone living or working in Iowa or Nebraska, as well as to anyone who has immediate family members who are Veridian members. Veridian Credit Union employs more than 833 people and generates approximately $187 million in annual revenue.