On May 16, 2024, Interactive Brokers LLC (“IB”) filed a notice of data breach with the Attorney General of Massachusetts after discovering that an unauthorized party was able to gain access to an employee’s email account. In this notice, IB explains that the incident resulted in an unauthorized party being able to access consumers’ sensitive information, which includes their names, Social Security numbers, financial account information and driver’s license numbers. Upon completing its investigation, IB 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 Interactive Brokers LLC, 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 Interactive Brokers data breach. For more information, please see our recent piece on the topic here.
What Caused the Interactive Brokers Data Breach?
The Interactive Brokers data breach was only recently announced, and more information is expected in the near future. However, IB’s filing with the Attorney General of Massachusetts provides some important information on what led up to the breach. According to this source, on January 11, 2024, IB determined that an unauthorized party had been able to access an employee’s email account. In response, IB secured its system and then launched an investigation to determine what, if any, consumer information was leaked as a result. Interactive Brokers also notified federal law enforcement.
Ultimately, the IB investigation confirmed that an unauthorized party had been able to access the employee email account, which contained confidential information belonging to certain consumers.
After learning that sensitive consumer data was accessible to an unauthorized party, Interactive Brokers 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, financial account information and driver’s license number.
On May 16, 2024, Interactive Brokers 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 Interactive Brokers LLC
Interactive Brokers LLC is a financial services company based out of Greenwich, Connecticut. IB is an automated global electronic market maker and broker/dealer that provides direct access trade execution and clearing services to institutional and professional traders for a wide range of investment products, including stocks, options, futures, currencies, bonds, gold and cryptocurrency. Interactive Brokers employs more than 2,932 people and generates approximately $7.8 billion in annual revenue.
