Verso Financial, operating under Kevin Grunawalt in Mishawaka, Indiana, disclosed a data breach involving unauthorized access to sensitive personal information. The breach, identified on June 18, 2024, stemmed from an employee’s compromised email account, which was accessed between October 2023 and February 2024. An investigation was launched to determine the scope of the incident, revealing that sensitive data might have been viewed and copied during this period.
Following the investigation, Verso reviewed the impacted files and identified the individuals whose information was compromised, completing this process on August 23, 2024. Although the specific types of data affected were not disclosed, state reporting guidelines suggest potential exposure of Social Security numbers, driver’s license numbers, account credentials, and other financial details. This breach placed personal and financial security at risk for affected clients.
On September 24, 2024, Verso began notifying affected individuals through personalized letters, detailing the incident and the type of information compromised. The company is offering 12 months of complimentary credit monitoring to assist victims in mitigating potential misuse of their data. These services aim to help impacted individuals monitor their credit and address any unauthorized activity stemming from the breach.
Verso, part of the Canvas Financial network, provides financial services to a range of clients, including professionals and business owners. Headquartered in Mishawaka, Indiana, the firm employs over five individuals. In response to the breach, Verso is reinforcing its security measures to prevent future incidents and safeguard client data.
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