Onset Financial Data Breach

Onset Financial, Inc. has notified its customers of a data breach that may have exposed sensitive personal information. While there is no evidence that the data has been misused, the company is offering free credit monitoring and fraud assistance services for 24 months. Affected individuals are encouraged to enroll within 90 days. If you’ve received a breach notice, you may be eligible to file a lawsuit for compensation. Class Action U can connect you with legal support to explore your options.

Onset Financial
Date of Breach: Not Specified
CAU logo

Who was affected:

Clients of Onset Financial

Impacted Data:

Full Name

Social Security Number (SSN)

Credit Card Numbers

Bank Account Information

Contact Information (e.g., Address, Email, Phone Numbers)

Date of Birth

Driver’s License Information

Onset Financial, Inc. has recently informed its customers about a data breach that may have exposed personal information. The company has assured affected individuals that they are taking steps to enhance security and minimize the risks of misuse.

Onset Financial, Inc.’s Data Breach Investigation

Onset Financial, Inc. has experienced a data breach that potentially exposed the personal information of its customers. The company has emphasized that, while there is no evidence that any personal information has been misused, the breach was still a significant security incident.

To address the breach, Onset Financial has reviewed its technical safeguards and implemented stronger security measures. The company is taking steps to prevent similar incidents from occurring in the future. These proactive measures include enhancing security protocols and investing in improved systems to safeguard personal data.

As part of its response to the breach, Onset Financial is offering customers access to Triple Bureau Credit Monitoring at no charge. This service will notify affected individuals of any changes to their credit files for a period of 24 months. The company has also partnered with Cyberscout, a TransUnion company specializing in fraud prevention and identity theft remediation, to offer proactive fraud assistance.

Onset Financial’s efforts are part of an ongoing commitment to protecting customer information. While the company has not found any evidence that the breached data has been used for fraudulent activities, these additional services are meant to provide extra protection for those affected.

When Did This Breach Occur?

The specific date of the breach has not been disclosed in the notification, but Onset Financial is urging affected individuals to act quickly by enrolling in the provided credit monitoring services. Customers are advised to enroll within 90 days from receiving their notification.

What Information Was Breached?

While Onset Financial has not detailed the exact nature of the exposed information, the following types of personal data are typically affected in such breaches:

  • Full Name
  • Social Security Number (SSN)
  • Credit Card Numbers
  • Bank Account Information
  • Contact Information (e.g., Address, Email, Phone Numbers)
  • Date of Birth
  • Driver’s License Information

If your personal data includes any of these elements, it may have been exposed in the breach. It’s important to be vigilant and monitor your information closely.

What You Can Do

If you were affected by this breach, there are several steps you can take to protect your personal information:

  1. Enroll in Credit Monitoring Services: Onset Financial is offering free access to Triple Bureau Credit Monitoring for 24 months. To enroll, visit https://bfs.cyberscout.com/activate and use the unique code provided in your notification. Make sure to sign up within 90 days to avoid missing out on this offer.
  2. Monitor Your Credit Reports: Regularly check your credit reports from each of the three major credit bureaus (Equifax, Experian, and TransUnion). You can obtain a free report from each bureau once a year at AnnualCreditReport.com.
  3. Freeze Your Credit: If you haven’t already, consider freezing your credit with the major credit bureaus. This will prevent anyone from opening new accounts in your name without your permission.
  4. Watch for Fraudulent Activity: Be on the lookout for any unexpected activity on your financial accounts, including new accounts opened in your name or unusual charges.
  5. Report Fraud: If you suspect any fraudulent activity, immediately contact Cyberscout or your credit bureaus’ fraud departments for assistance.
  6. Change Passwords: Update your passwords for important accounts, especially those related to finances. Use strong, unique passwords for added security.

File a Data Breach Lawsuit Against Onset Financial, Inc.

If you’ve received a data breach notification from Onset Financial, Inc., you may be eligible to file a lawsuit and seek compensation for any damages caused by the breach. Victims of data breaches are often entitled to recover damages for identity theft prevention, credit monitoring, and any other costs incurred as a result of the breach.

At Class Action U, we specialize in helping individuals impacted by data breaches. If you’ve been affected by the Onset Financial breach, we can connect you with experienced lawyers who are ready to help you pursue compensation through a class action lawsuit. Fill out our quick, easy and secure form to sign up for a free consultation with one of our legal partners.

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Frequently Asked Questions

A data breach occurs when sensitive, confidential, or protected information is accessed, stolen, or disclosed without authorization. Data breaches often occur through phishing emails, malware, weak passwords, insider threats, or unsecured databases. Indicators of a data breach can include unexpected password resets, suspicious account activity, unauthorized transactions, or notifications from companies about compromised information.If you suspect your data has been compromised, you must take measures and act quickly. Change passwords, enable two-factor authentication, review your financial accounts for unusual activity and consider freezing your credit.

Once stolen, your personal information may be sold on the dark web or used for identity theft and financial fraud. In some cases, hackers use the data to extort companies or launch further attacks. Victims often face long-term risks, including damage to credit and privacy.

If you receive a data breach notification, don’t ignore it. Immediately change passwords for the affected account and any others that share credentials. Enroll in any free credit monitoring services offered and monitor financial statements closely.

To pursue a data breach claim, you’ll need documentation showing your information was compromised and proof of resulting harm, such as fraudulent charges, credit score damage, or identity theft reports. Notification letters, financial records, and communication with the breached company can help support your claim.

Yes. If a company fails to protect consumer data or delays notifying victims, it may be held liable under state and federal privacy laws. Many victims join class action lawsuits to recover financial losses and hold negligent organizations accountable.

Data breach settlements vary widely depending on the size of the breach, type of data compromised, and damages suffered by victims. Payouts may include cash compensation, identity theft protection, or reimbursement for losses. Many settlements range from a few hundred to several thousand dollars per person. A skilled data breach lawyer can guide victims through the complex legal process, ensuring their rights are protected. If you’ve received a data breach notification or believe your personal data was exposed, you may be eligible for compensation. Contact Class Action U to learn more about how to join a data breach lawsuit and understand the process of filing.