On June 20, 2024, Class Advisors notified the California Attorney General of a data breach impacting consumer information. The breach involved unauthorized access to sensitive data including names, dates of birth, Social Security numbers, and financial account information. The incident was discovered following a notification from a vendor about fraudulent tax returns, prompting Class Advisors to investigate and identify the compromised data.
The breach occurred between February 12, 2024, and March 6, 2024, during which an unauthorized individual accessed files containing confidential consumer information. Class Advisors conducted a thorough review to determine the extent of the breach and identify affected individuals. The investigation confirmed the exposure of sensitive data but did not specify the exact cause of the breach beyond the initial vendor notification.
Class Advisors has since completed its review and began sending notification letters to all affected individuals on June 20, 2024. These letters outline the specific information that was compromised and offer guidance on steps to protect against potential misuse. The company has also engaged third-party cybersecurity experts to aid in addressing and mitigating the incident.
Founded in 2021 and based in San Diego, California, Class Advisors is a business consulting and tax preparation firm. The company provides services such as tax preparation, finance management, and business valuation. With over 25 employees and generating approximately $5 million in annual revenue, Class Advisors is taking steps to address the breach and enhance its data security measures.
Reference:
