Tax Favored Benefits
Data Breach Class Action Lawsuit

February 15, 2024 -- Attention: victims of the Tax Favored Benefits data breach.

Abington Cole + Ellery is investigating the recently announced Tax Favored Benefits data breach.

Tax Favored Benefits detected unusual activities in an employee's email account around November 30, 2022. The company claims it promptly initiated a detailed investigation, aided by external computer forensic experts, to determine the extent and specifics of the incident. The inquiry revealed that an unauthorized individual had accessed the email account on that date.

Following this discovery, Tax Favored Benefits claims it conducted an extensive and meticulous evaluation of the potentially compromised documents in the account. This evaluation aimed to ascertain the contact details of individuals who might have been affected by the breach. Tax Favored Benefits says it has recently concluded this evaluation.

In response to detecting the breach, Tax Favored Benefits claims it swiftly began its investigation and took measures to secure its systems and identify individuals who may have been impacted. Additionally, Tax Favored Benefits reported the incident to federal law enforcement authorities. The company has stated that it is also enhancing its security measures and providing further training to its employees to prevent similar incidents in the future.

As a result of the data breach, Tax Favored Benefits is offering 12 months of free credit monitoring and/or identity theft protection services to affected individuals.

Approximately 10,900 individuals were affected by the Tax Favored Benefits data breach.

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

Additional information about the Tax Favored Benefits data breach may be found here: Tax Favored Benefits Data Breach Notification.

Headquartered in Overland Park, Kansas, Tax Favored Benefits offers a range of financial services, including strategies for investment management, retirement, and financial planning. They also focus on estate preservation, planning for retirement income, long-term care, and educational financial preparations. Their services are designed to be client-centric, emphasizing personal financial goals, efficient tax planning, and asset management. The company claims a dynamic approach, adjusting to the changing financial landscapes and individual client requirements.

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 Tax Favored Benefits 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 Tax Favored Benefits or any affiliated companies.