Veros Credit Files Notice of Data Breach Affecting Consumers’ Social Security Numbers

Console and Associates, P.C.

On December 8, 2022, Veros Credit reported a data breach with the Texas Attorney General’s office after the company learned that an unauthorized party was able to access confidential consumer information that had been entrusted to the company. According to Veros, the breach resulted in affected consumers’ names, addresses, Social Security numbers, driver’s license numbers, financial account information, insurance information and medical information being compromised. Recently, Veros sent out data breach letters to all affected parties, informing them of the incident and what they can do to protect themselves from identity theft and other frauds.

If you received a data breach notification from Veros Credit, it is essential you understand what is at risk and what you can do about it. As we’ve previously reported, incidents like this one subject consumers to an increased risk of identity theft and other frauds. However, there are steps you can take to reduce the risks involved. 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 Veros Credit data breach, please see our recent piece on the topic here.

What We Know About the Veros Credit Data Breach

The available information regarding the Veros Credit breach comes from the company’s filing with the Attorney General of Texas. However, because the Texas AG’s “Data Security Breach Reports” page only offers limited information, little is known about what led up to the incident.

That said, upon discovering that sensitive consumer data was made available to an unauthorized party, Veros Credit 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, driver’s license number, financial account information, insurance information and medical information.

On December 8, 2022, Veros Credit sent out data breach letters to all individuals whose information was compromised as a result of the recent data security incident. While the total number of people affected by the Veros Credit data breach has not yet been released, the Texas AG reports that there are 1,266 victims in that state alone.

Veros Credit is a financial services company based in Santa Ana, California. The company specializes in the acquisition and servicing of motor vehicle retail installment contracts. Veros Credit is affiliated with Veros Real Estate Solutions, a financial software company, which provides valuation and collateral risk management solutions. Veros Credit employs more than 166 people and generates approximately $31 million in annual revenue.

DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

© Console and Associates, P.C. | Attorney Advertising

Written by:

Console and Associates, P.C.

Console and Associates, P.C. on:

Reporters on Deadline

"My best business intelligence, in one easy email…"

Your first step to building a free, personalized, morning email brief covering pertinent authors and topics on JD Supra:
*By using the service, you signify your acceptance of JD Supra's Privacy Policy.
Custom Email Digest
- hide
- hide