IMA Financial Group Data Breach Investigation
Photo Credit: Unsplash | Updated: November 7, 2023
Claim Form Deadline: Ongoing
Estimated Payout: Varies
Proof required: Yes
IMA Financial Group Data Breach
IMA Financial Group, Inc. is a financial services company that offers insurance and wealth management services to its clients. IMA Financial Group, Inc. operates under the names IMA, IMA Select, IMA Wealth, Eydent, Towerstone and Highwing. According to the company's website, they have over 1800 associates as of 2023, and are focused on protecting their clients' assets.In October of 2022, IMA Financial Group detected unauthorized activity in its computer network. An investigation revealed that their system had been breached and client information leaked, including:
• Names,
• Dates of birth
• Social Security numbers,
• Driver's license numbers
• State ID Information,
• Insurance information,
• Other PII (Personally Identifiable Information)
Data breaches are serious matters that can cause long term damage. Hackers break into networks so that they can steal your personal information to sell it on the dark web, commit identity theft, financial theft or other frauds. The theft of sensitive, protected health information, and personally identifiable information can lead to a plethora of problems for individuals who are the victims of data breaches that occurred in databases they were not even aware of, such as in the case of the IMA Financial Group data breach.
Data breaches can also result in a long-term erosion of personal data privacy, as the hacked personally identifiable information might be exchanged amongst cyber-criminals for years to come, on the internet, the dark web, or elsewhere.. This significantly increases the risk of further identity theft, financial fraud and massive headaches for consumers and victims.
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