Baupost Group Data Breach

On November 2, 2024,Baupost Group payroll services provider experienced a security incident, potentially compromising personal data of employees. Out of an abundance of caution, Baupost has begun notifying all employees whose information may have been affected. The security incident occurred at Baupost’s payroll services provider. While the extent of the breach is under investigation, Baupost is taking proactive steps to address the situation and provide resources to employees.

Employees are urged to remain vigilant against potential fraud or identity theft. Baupost has provided the following recommendations:

• Do not share sensitive personal information with anyone claiming to represent Baupost unless you can verify their identity.
• Monitor your financial accounts closely for any suspicious or unauthorized activity and report such incidents immediately to your financial institution.
• Stay alert for any fraudulent activity over the next 12 to 24 months

What Information Was Involved?

The breach potentially exposed sensitive personal information, including:

• Name
• Social Security number
• Financial account information

How to Know if You Were Affected

If you received a data breach notification from Baupost Group, it likely means your information was affected. Class Action U, in partnership with KO Lawyers, is supporting individuals impacted by the Baupost Group data breach. If your information was exposed in this breach, you may be eligible to join a class action lawsuit to seek compensation for:

• Loss of privacy
• Time spent addressing the breach
• Out-of-pocket costs
• Emotional distress

A successful case could also compel Baupost Group to enhance its security practices to prevent similar incidents in the future. Contact Class Action U today to explore your legal options and protect your rights.