Crossroads Equipment Lease & Finance
Data Breach Class Action Lawsuit
February 24, 2024 -- Attention: victims of the Crossroads Equipment data breach.
Abington Cole + Ellery is investigating the recently announced Crossroads Equipment data breach.
On April 2, 2023, Crossroads Equipment Lease & Finance discovered its computer systems had fallen victim to a ransomware attack, which encrypted the systems and barred access to numerous digital files. This disruption severely affected Crossroads Equipment's operations, including the processing of ACH payments and other critical business activities. It wasn't until January 25, 2024, that Crossroads Equipment fully understood the extent and nature of the potentially compromised personal information.
By April 3, 2023, Crossroads Equipment regained control over its systems, initiated the transfer of data to a cloud server with superior security features, and enhanced its technical and organizational safeguards.
Two days later, on April 5, 2023, the Federal Bureau of Investigation was alerted about the incident. Following an exhaustive investigation, Crossroads Equipment claims it has now implemented advanced security measures to prevent such incidents in the future. These measures include the adoption of Multi-Factor Authentication (MFA) for system access, the introduction of more stringent access controls, the establishment of redundant data backups, and ongoing surveillance to deter future breaches.
As a result of the data breach, Crossroads Equipment is offering 24 months of free credit monitoring and/or identity theft protection services to affected individuals.
Approximately 24,100 individuals were affected by the Crossroads Equipment data breach.
Breached data may include, but is not necessarily limited to: Names, Dates of birth, Social Security numbers, Mailing addresses, Email addresses, 1099 Forms, Driver’s license number, Passport number, or other state or government IDs, Vehicle Identification Number and/or License Plate Number, Tax documents, Credit and/or Debit card numbers, Bankruptcy filings, Financial data, Credit data, Loan applications, Medical data, and Digital signatures.
Additional information about the Crossroads Equipment data breach may be found here: Crossroads Equipment Data Breach Notification.
Headquartered in Rancho Cucamonga, California, Crossroads Equipment Lease & Finance offers a variety of financing solutions tailored for the transportation industry. Their approach includes a straightforward three-step process for financing, aiming for efficiency with same-day funding available for many transactions. They focus on assisting with commercial fleet upgrades to meet evolving regulatory standards, alongside providing insurance and support programs for vendors and carriers.
Crossroads Equipment also offers a suite of insurance options tailored for the commercial trucking industry, encompassing coverage for vehicle liability, cargo, non-trucking activities, general business liabilities, worker protection, and property. Crossroads Equipment facilitates the provision of customized, cost-effective insurance solutions, emphasizing efficient claim handling and certification processes, along with coverage for specialized areas such as hazardous materials and tow trucks.
The Crossroads Equipment Website may have additional information about or provide periodic updates regarding the data breach.
For more information about steps you can take to possibly reduce the chances harm arising from a data breach, please review the following article: What are some steps you can take if you've been the victim of a data breach?
If you believe you are a victim of the Crossroads Equipment data breach, and would like to participate in a class action lawsuit regarding this data breach, please submit your information via the form on this webpage. This website is not associated with nor authorized by Crossroads Equipment or any affiliated companies.