On September 18, 2024, Steward Partners Management Holdings, LLC (“Steward Partners”) filed a notice of data breach with the Attorney General of Massachusetts after discovering that information in the company’s possession was subject to unauthorized access. In this notice, Steward Partners explains that the incident resulted in an unauthorized party being able to access consumers’ sensitive information. Upon completing its investigation, Steward Partners 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 Steward Partners Management Holdings, 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 Steward Partners Management Holdings data breach. For more information, please see our recent piece on the topic here.

What Caused the Steward Partners Management Holdings Data Breach?

The Steward Partners Management Holdings data breach was only recently announced, and more information is expected in the near future. However, Steward Partners’ filing with the Attorney General of Massachusetts provides some important information on what led up to the breach. According to this source, Steward Partners recently learned that an unauthorized party was able to access certain information stored on the company’s computer systems.

In response, Steward Partners secured its systems, reviewed its security policies, and notified regulatory authorities. The company then launched an investigation to learn more about the incident, as well as what type of information was subject to unauthorized access. Steward Partners recently completed its investigation, confirming that confidential consumer information stored on its IT network was compromised.

After learning that sensitive consumer data was accessible to an unauthorized party, Steward Partners Management Holdings reviewed the compromised files to determine what information was leaked and which consumers were impacted. While the publicly available data breach letter from Steward Partners doesn’t indicate what data types were available, the personalized data breach letters dated September 18, 2024 that were addressed to victims of the breach should provide them with a list of what information of theirs was compromised.

More Information About Steward Partners Management Holdings, LLC

Steward Partners Management Holdings, LLC is an independent financial services firm that provides wealth management solutions to families, businesses, and multigenerational investors. Steward Partners Management Holdings employs more than 192 people and generates approximately $66 million in annual revenue.