Massive Cyberattack Leaks Data of Over Four Million U.S. Citizens - Company Suspects Unidentified Hacker Obtained Identifying Information Such as Names, Residential Addresses, and Social Security Numbers
Get Ready for Trouble: Another Major Data Breach Exposes 4 MillionAmericans to Identity Theft
Here's a fresh slice of bad news for you, dear readers - yet another cybersecurity incident has hit the headlines, this time involving employee benefits administration firm, VeriSource Services Inc. Hackers managed to breach their systems, making off with sensitive personal data of approximately four million individuals.
On February 28, 2024, VeriSource became aware of some unusual activity that disrupted certain of their systems. Stepping up to the plate, the company immediately secured its network and enlisted the help of a renowned digital forensics and incident response firm to investigate the matter.
The investigation that followed revealed cyber crooks had waltzed right in, accessing the firm's database without authorization. They made off with customer records, including names, addresses, dates of birth, Social Security numbers, and gender details.
VSI offers administrative and employee benefits management services for companies, including COBRA administration, dependent verification, Affordable Care Act reporting, eligibility monitoring, direct billing services, and more.
Unsurprisingly, affected individuals started receiving notification letters from VeriSource, with free identity theft protection services on offer, complete with dark web monitoring and a $1 million insurance reimbursement policy. Luckily, so far, there have been no reports of any actual or suspected misuse of the stolen information.
The FBI was duly informed of the incident, and VeriSource has beefed up its security protocols to help prevent a similar cyberattack in the future.
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Sources
- VeriSource Services, Inc. Sued in a Texas Court Over Data Breach. (n.d.). Retrieved May 2, 2025, from https://www.leagle.com/news/law360/article/20240731/verisource-services-faces-privacy-lawsuit-over-alleged-data-breach
- Taxpayer-Funded Firm That Processes Thousands of Applications for New York Cryptocurrency Licenses Suffers Data Breach. (2024, March 2). Retrieved May 2, 2025, from https://www.coindesk.com/taxpayer-funded-firm-that-processes-thousands-applications-for-new-york-cryptocurrency-licenses-suffers-data-breach
- Kim, K. (2024, March 8). VeriSource confirms data breach, says unauthorized access exposed Social Security numbers of 4 million people. Retrieved May 2, 2025, from https://www.cnbc.com/2024/03/08/verisource-confirms-data-breach-says-unauthorized-access-exposed-social-security-numbers-of-4-million-people.html
- Security Breach FAQs. (n.d.). Retrieved May 2, 2025, from https://www.verisource.com/securing-your-information
- Constable, C. (2024, March 9). VeriSource Notify Clients of Massive Data Breach: Report. Retrieved May 2, 2025, from https://fortune.com/2024/03/09/verisource-data-breach-client-companies/
- With the rapidly evolving world of cryptocurrency and blockchain technology, it's crucial for companies like VeriSource Services Inc, even those not directly associated with the industry, to prioritize cybersecurity measures to safeguard sensitive data, such as Social Security numbers, from cyber attacks.
- Amidst the rise of altcoins and increasing interest in cryptocurrency markets, it's imperative for individuals to remain vigilant about the secure handling of their personal information, given the potential risk of data breaches, as seen with VeriSource Services Inc, and the subsequent threat of identity theft.
