McAdam Financial Group Data Breach Lawsuit

McAdam Financial Group has reported a data event that may have compromised certain personal information. While the company has taken steps to address the issue, affected individuals may be at risk of identity theft and financial fraud. Learn how to protect yourself and explore legal options for compensation.

McAdam Financial Group’s Data Breach Investigation

McAdam Financial Group, a prominent financial services provider, recently discovered a data event that potentially exposed sensitive information. Although specific details are restricted by Massachusetts law, McAdam Financial has confirmed that the breach involved certain personal information. Following the incident, the company immediately secured its email environment and launched a comprehensive investigation.

The investigation led to the identification of the impacted data and affected individuals. As part of its response, McAdam Financial notified the relevant individuals and regulatory authorities as required by law. The company is also enhancing its cybersecurity measures and implementing additional policies, procedures, and training to prevent future incidents.

In an effort to mitigate the potential risks from the breach, McAdam Financial is offering impacted individuals free access to credit monitoring services, including single bureau credit monitoring, credit reports, and credit score updates for 24 months. Additionally, the company has partnered with Cyberscout, a TransUnion company, to provide proactive fraud assistance services to help affected individuals manage and respond to any potential fraud.

While McAdam Financial has acted swiftly to address the incident, the exposure of personal financial information can result in significant risks, including identity theft, unauthorized transactions, and long-term credit damage. Affected individuals are encouraged to take immediate action to monitor their credit and financial accounts.

When Did This Breach Occur?

McAdam Financial discovered the data event on September 2025. The company took swift action to secure its systems, investigate the breach, and notify affected individuals as soon as the impact was confirmed.

What Information Was Breached?

The company has not disclosed the exact data that was compromised due to privacy laws but mentioned that it involved certain personal information. Based on the nature of the breach, it likely includes sensitive financial data such as:

• Full Names
• Social Security Numbers
• Financial Information (bank accounts, transactions, etc.)
• Possibly other Personally Identifiable Information (PII)

As a result, the risk of identity theft or fraud is heightened for affected individuals.

What You Can Do

If you were impacted by this data breach, consider taking the following steps:

1. Activate Credit Monitoring: Sign up for the complimentary credit monitoring service offered by McAdam Financial through Cyberscout. This service will help you monitor changes to your credit file for 24 months.
2. Monitor Your Accounts: Keep an eye on your financial statements, credit card transactions, and insurance claims for any suspicious activity.
3. Place Fraud Alerts: Contact the credit bureaus to place a fraud alert on your credit file to protect against unauthorized activity.
4. Consider a Credit Freeze: Freezing your credit can prevent new accounts from being opened in your name.
5. Contact Financial Institutions: If you notice suspicious activity, promptly contact your bank or credit/debit card issuer.

File a Data Breach Lawsuit Against McAdam Financial Group