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Home Incidents

Parascript Reports Data Breach Incident

March 21, 2025
Reading Time: 2 mins read
in Incidents
Four Meme Attack Results in $120K Loss

Parascript, LLC, a technology company based in Longmont, Colorado, experienced a significant ransomware attack in August 2024. The attack compromised sensitive consumer data, including names and Social Security numbers. On March 18, 2025, Parascript filed a data breach notice with the Attorney General of Massachusetts, notifying affected individuals about the security incident. The breach prompted Parascript to review its data systems and send breach notification letters to those whose information was accessed by the unauthorized party.

The ransomware attack occurred between July 29 and August 16, 2024, when suspicious activity was detected within Parascript’s network. The company immediately responded by containing the breach, notifying federal law enforcement, and working with external cybersecurity experts to investigate the incident. Their findings revealed that unauthorized individuals accessed parts of the company’s IT network and gained access to files containing confidential consumer information, including Social Security numbers and other sensitive data.

Parascript’s investigation into the incident led to the identification of the specific information that was compromised.

After completing their review, Parascript determined which individuals were affected by the breach. While the breached data varied by individual, it primarily included Social Security numbers and names. To ensure those impacted were informed, Parascript sent data breach notification letters on March 18, 2025, detailing the compromised information for each individual.

Parascript is a technology company specializing in artificial intelligence-driven document automation solutions, including handwriting recognition, data extraction, and document classification.

The company serves industries like finance, healthcare, government, and logistics, helping businesses automate workflows, reduce errors, and improve decision-making. Parascript, which employs around 58 people and generates an estimated $10 million in annual revenue, continues to focus on providing advanced document processing software despite the breach, aiming to maintain its position as a leader in the industry.

Reference:

  • Parascript Faces Data Breach After August 2024 Ransomware Attack
Tags: cyber incidentsCyber Incidents 2025Cyber threatsMarch 2025
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