Forward Bank
Data Breach Class Action Lawsuit
November 19, 2023 -- Attention: victims of the Forward Bank data breach.
Abington Cole + Ellery is investigating the recently announced Forward Bank data breach.
On September 10, 2023, Forward Bank encountered a disruption in its computer network and promptly launched an investigation into the incident. To aid in this process, the bank engaged cybersecurity experts. This investigation revealed that on or about September 6, 2023, unauthorized acquisition of certain computer files might have occurred. Following an exhaustive review of these files, Forward Bank, on or about October 27, 2023, identified personal information within the potentially affected data.
In response to the discovery of this data breach, Forward Bank claims it swiftly implemented measures to bolster its network security and reduce the risk of future similar incidents. Additionally, the bank reported the incident to both the Federal Deposit Insurance Corporation and the Federal Bureau of Investigation. Forward Bank has stated that it is cooperating with these agencies to ensure accountability for the perpetrators.
As a result of the data breach, Forward Bank is offering 12 to 24 months of free credit monitoring and/or identity theft protection services to affected individuals.
Approximately 46,000 individuals were affected by the Forward Bank data breach.
Breached data may include, but is not necessarily limited to: personal identifiable information.
Additional information about the Forward Bank data breach may be found here: Forward Bank Data Breach Notification.
Forward Bank, established in the United States in 1919, has developed a distinctive identity as a community-focused financial institution. Forward Bank caters to individual consumers with a comprehensive range of financial products. These include various types of loans such as home, improvement, and consumer loans, alongside commercial and agricultural lending services. The bank also provides checking and savings account options.
The institution's journey began as Marshfield Building & Loan Association and underwent several transformations in response to changing market demands and community needs. After acquiring FDIC insurance in 1949, it expanded its services and was renamed Marshfield Savings & Loan. The subsequent transition to Marshfield Savings Bank in 1993 marked its evolution into a full-service financial institution. A significant shift occurred in 2005 when the bank expanded its services to include businesses and non-profits, demonstrating adaptability and a broadening of its service scope.
Forward Bank's operational philosophy combines traditional banking services with a strong commitment to community support. This approach has established it as a financial player and a proactive contributor to community welfare in Central and Northern Wisconsin, reflecting a model where financial services are interwoven with community development and support.
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 Forward Bank 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 Forward Bank or any affiliated companies.