Elemetal
Data Breach Class Action Lawsuit

March 2, 2024 -- Attention: victims of the Elemetal data breach.

Abington Cole + Ellery is investigating the recently announced Elemetal data breach.

On August 26, 2023, Elemetal detected unusual activities within its computer network. In response to this discovery, the company immediately deactivated its systems to protect the network's security and to facilitate system restoration. Concurrently, Elemetal initiated a thorough investigation to understand the extent and details of the incident. The findings revealed that from August 22, 2023, to September 1, 2023, an unauthorized entity had infiltrated Elemetal's systems, potentially accessing or obtaining data stored within.

In the aftermath of this security breach, Elemetal undertook a detailed examination of the potentially compromised data to identify the specific information and individuals affected. This evaluation was completed by February 9, 2024, indicating that personal data might have been implicated in the breach. Elemetal acted swiftly to secure and recover its systems, evaluate its network's security posture, and conduct a comprehensive analysis of the incident. The company also informed law enforcement and alerted relevant regulatory bodies, in line with regulatory obligations.

As part of its dedication to safeguarding information, Elemetal is reassessing its security policies, processes, and tools. This initiative aims to strengthen its defense mechanisms and mitigate the risk of similar incidents occurring in the future.

As a result of the data breach, Elemetal is offering 24 months of free credit monitoring and/or identity theft protection services to affected individuals.

Approximately 13,600 individuals were affected by the Elemetal data breach.

Breached data may include, but is not necessarily limited to: names, Social Security numbers, financial account data, and government ID data.

Additional information about the Elemetal data breach may be found here: Elemetal Data Breach Notification.

Headquartered in Addison, Texas, Elemetal positions itself as a leading player in the precious metals industry within the United States, boasting an extensive network of over 45 locations nationwide. The company prides itself on offering a broad range of services, including wholesale bullion trading with a diverse selection, secure transactions, and efficient fulfillment processes.

Elemetal is recognized for its expertise in the refining of various precious metals such as gold, silver, platinum, and palladium, catering to a wide array of clients including jewelers, hospitals, and dental labs. Their commitment to rapid service and customer satisfaction is highlighted by their promise of quick processing times and payments, aiming to provide an unmatched level of convenience and reliability to their clients.

The Elemetal 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 Elemetal 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 Elemetal or any affiliated companies.