LCS Financial Services

LCS Financial Services, a debt collection agency based in Centennial, Colorado, experienced a data breach that was first detected on February 25, 2023, when the company noticed unusual activity within its computer network that disrupted certain systems[1][2]. The company took immediate action to secure its network and reported the incident to the FBI. Cybersecurity experts were engaged to assist in the investigation[1][2][6].

The investigation revealed that an unauthorized party accessed LCS’s computer system on February 24, 2023, and that confidential consumer information was among the accessed files. It was also discovered that the hackers had removed data from the network[1][2][6]. The types of information compromised in the breach included names and Social Security numbers[2].

LCS Financial Services completed a review of the compromised files to determine the extent of the leaked information and the consumers impacted by August 23, 2023[1]. The company began sending out data breach notification letters to affected individuals on September 22, 2023[1][2][6]. These letters were intended to provide victims with detailed information about the compromised data and to offer resources to help protect their personal information, including instructions for enrolling in complimentary credit monitoring and identity theft protection services[4][8].

The company has implemented several measures to enhance its security posture and reduce the risk of similar future incidents[4]. Affected individuals were advised to remain vigilant by reviewing account statements and credit reports for unauthorized activity and to consider taking additional steps such as changing passwords and placing fraud alerts or security freezes on their credit files[2][8].

Several law firms are investigating the data breach and are considering legal action on behalf of the affected individuals[5][9]. If you received a data breach notification from LCS Financial Services, it is important to understand the risks and consider contacting a data breach lawyer to discuss your legal options[1].

Citations:

1. https://www.jdsupra.com/legalnews/debt-collection-company-lcs-financial-6536086/
2. https://www.turkestrauss.com/2023/09/28/lcs-financial-services-data-breach-investigation/
3. https://consumer.sc.gov/sites/consumer/files/Documents/Security%20Breach%20Notices/LCSFinancialServices102523.pdf
4. https://www.doj.nh.gov/consumer/security-breaches/documents/lcs-financial-services-20230922.pdf
5. https://www.thelyonfirm.com/blog/lcs-financial-services-data-breach-investigation/
6. https://www.myinjuryattorney.com/lcs-financial-services-data-breach-investigation/
7. https://oag.ca.gov/system/files/LCS%20Financial%20-%20Regulatory%20Notification%20-%20CA_1_0.pdf
8. https://www.mass.gov/doc/assigned-data-breach-number-30824-lcs-financial-services/download
9. https://jberenslaw.com/lcs-financial-data-breach
10. https://beyondmachines.net/event_details/lcs-financial-services-debt-collectors-report-data-breach-n-7-g-3-s