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UPDATED:    February 06, 2025

KraftCPAs Data Breach Lawsuit

Data Breach Summary

KraftCPAs LLC

Who Was Affected
Individuals associated with KraftCPAs
Impacted Data
Names, social security number and other personal information
Date of Breach
Not specified
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KraftCPAs PLLC (“KraftCPAs”) has disclosed a data breach that may have compromised personal information of certain individuals. The breach was disclosed in a filing with the Massachusetts Attorney General.

While there is no confirmed evidence of data misuse, KraftCPAs is notifying those impacted and taking proactive steps to minimize potential risks. Affected individuals are urged to stay vigilant by monitoring financial statements, updating passwords, and watching for phishing attempts. For guidance on safeguarding your information after this incident, explore this resource on how to respond effectively to a data breach and minimize potential harm.

Details of the KraftCPAs Data Breach

Following the discovery of the incident, KraftCPAs immediately disconnected all access to its network, changed administrative credentials, and restored operations in a secure mode. Enhanced security measures have been implemented, and the firm is continuing to take additional steps to mitigate the risk of future incidents.

KraftCPAs encourages affected individuals to remain vigilant and take proactive measures to protect themselves against identity theft and fraud. Additionally, individuals can request an Identity Protection PIN from the IRS to prevent unauthorized filings. Instructions for obtaining the PIN are available on the IRS website.

For those whose Social Security numbers may have been compromised, KraftCPAs advises immediate action in the event of tax-related identity theft. The IRS has outlined several steps, including responding to IRS notices and submitting a completed Form 14039, Identity Theft Affidavit, to help protect against misuse.

To further support clients, KraftCPAs is offering complimentary credit monitoring and identity theft restoration services through HaystackID. The firm is covering the cost of these services, but affected individuals must activate the services within 90 days of receiving the notification letters.

What Information Was Involved?

The compromised data includes names, social security numbers and other sensitive information, though the specific details vary by individual.

How to Know if You Were Affected

If you received a data breach notification from the KraftCPAs, your personal information may have been compromised. While most victims are officially informed via a ‘‘notice of data breach” in the mail, the consequences—such as fraudulent transactions and identity theft—can begin long before you receive the notice.

Steps to Take If You Were Affected by the KraftCPAs Data Breach

Stay Alert for Phishing Scams

Scammers may try to take advantage of the data breach by posing as KraftCPAs. Be wary of unexpected emails, texts, or phone calls requesting personal information. When in doubt, verify any communication directly with the company through official channels.

Monitor Your Credit and Financial Accounts

Keep a close eye on your bank statements, credit card activity, and credit reports for any unauthorized transactions. Set up account alerts to catch suspicious activity early. Take advantage of free credit reports and review them carefully for unfamiliar accounts or discrepancies.

Consider Freezing Your Credit

For added protection, request a credit freeze from all three major credit bureaus. This prevents anyone from opening new accounts in your name while still allowing you to use your existing credit. If you need to apply for credit, you can temporarily lift the freeze when necessary.

Class Action U, in partnership with KO Lawyers, is supporting individuals impacted by the KraftCPAs data breach. If your information was exposed in this breach, you may be eligible to join a class action lawsuit.

How KraftCPAs Class Action Lawsuits Help Victims Seek Compensation

Class action lawsuits allow individuals affected by large-scale data breaches like KraftCPAs, to come together and pursue compensation collectively. These lawsuits can provide a more efficient and cost-effective way to hold companies accountable for failing to protect personal information. Learn how joining a class action lawsuit can potentially help you to seek compensation for:

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

A successful case could also compel KraftCPAs, to improve its security measures and prevent future breaches. Reach out to Class Action U today to determine your eligibility for a data breach class action lawsuit and the compensation that may be available to you.

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