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Check Your Eligibility

Wedbush Securities Data Breach

Wedbush Securities recently revealed a data breach that exposed personal information of certain clients. Unauthorized access occurred due to a misconfigured internal application. Affected individuals may be entitled to compensation through a class action lawsuit. Keep reading for the details of the breach and how you can protect your personal information.

Wedbush Securities
Date of Breach: May 17, 2025, to July 11, 2025
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Who was affected:

Clients of Wedbush Securities

Impacted Data:

Name

Financial Institution Name

Account Number

Social Security Number

Check Your Eligibility

Wedbush Securities Inc. recently disclosed a data breach impacting a limited set of client information. On or around July 11, 2025, Wedbush Securities discovered that one of its web-facing internal applications was misconfigured, allowing unauthorized access. This breach resulted in potential exposure of personal information, including Social Security numbers and financial details.

Wedbush Securities (Wedbush) Data Breach Investigation

On July 11, 2025, Wedbush Securities identified that one of its internal applications had been misconfigured, leading to unauthorized access by external actors. The company acted swiftly to secure the application and launched an investigation to determine the extent of the breach. The investigation revealed that between May 17, 2025, and July 11, 2025, unauthorized actors potentially accessed a limited set of client data contained within the affected application.

Wedbush Securities then undertook a comprehensive review of the affected data with the assistance of data privacy specialists. The company worked to identify individuals whose personal information may have been compromised and verified their address information to ensure accurate notification. By August 28, 2025, it was confirmed that certain individuals, including possibly yourself, had been impacted by this breach.

Though the breach occurred due to a misconfiguration, Wedbush took immediate steps to address the situation, including notifying law enforcement and reviewing internal policies and procedures. They also began implementing additional security measures to protect against similar events in the future.

When Did This Breach Occur?

The breach took place between May 17, 2025, and July 11, 2025. Unauthorized actors potentially accessed certain client data within this timeframe due to a misconfiguration in one of Wedbush’s internal applications.

What Information Was Breached?

The breach may have exposed the following personal information:

  • Name

  • Financial Institution Name

  • Account Number

  • Social Security Number

Although the breach involved sensitive data, Wedbush Securities has reported that there is no known misuse of this information at this time.

What You Can Do

If you were affected by this breach, here are steps you can take to protect yourself and reduce the risk of identity theft:

  1. Enroll in the Complimentary Credit Monitoring Service
    Wedbush is offering Single Bureau Credit Monitoring for 12 months at no charge. This service alerts you to any changes in your credit file, such as new accounts or inquiries, providing you with early warnings of potential fraud.

  2. Monitor Your Financial Accounts
    Regularly review your account statements and credit reports for any unauthorized activity. Consider setting up alerts with your bank or credit card provider to receive notifications of suspicious transactions.

  3. Stay Vigilant for Fraud or Identity Theft
    Be on the lookout for any unusual or unauthorized activity. If you suspect fraud, immediately contact the relevant authorities or your financial institutions.

  4. Take Advantage of Fraud Assistance Services
    Wedbush is providing fraud assistance through Cyberscout, a TransUnion company specializing in fraud prevention and remediation. You can contact them for help if you suspect you are a victim of fraud.

  5. Review Your Credit Reports
    Obtain a free copy of your credit report from each of the three major credit bureaus (Experian, Equifax, and TransUnion) and check for any discrepancies or signs of fraud.

File a Data Breach Lawsuit Against Wedbush Securities

If you received a data breach notification from Wedbush Securities or believe your personal information was compromised in this incident, you may be entitled to compensation. Even though there is no evidence of misuse at this time, the exposure of sensitive personal data like Social Security numbers and account information can still put you at risk.

Class action lawsuits allow individuals to come together and hold corporations accountable for their negligence in protecting personal data. If you were affected by this breach, it’s important to understand your legal rights and explore whether you can participate in a class action lawsuit.

Contact us today at Class Action U, where we’ll connect you with experienced attorneys specializing in data breach cases. Our partners can help you determine if you qualify to join a class action lawsuit and help you recover compensation for any damages incurred.

Don’t wait, fill out our quick, easy, and secure form to get started with a free consultation. There’s no cost to speak with our legal partners, and no obligation to proceed after your consultation. If you’ve been affected, now is the time to act.

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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.