Kansas Wealth Management Firm Data Breach Potentially Exposes Client Names, Social Security Numbers and More

Cybercriminals infiltrated the computer networks of the Kansas-based financial advisory firm Werth Wealth Management (WWM).

Werth says the cybersecurity division at financial services firm Raymond James detected unauthorized access to WWM’s computer systems, allowing hackers to steal client data, which may include names, dates of birth, Social Security numbers, driver’s license and passport numbers, dates of birth and account identifiers at Raymond James, reports Claim Depot.

Company teams quickly isolated and secured the affected networks to stop further unauthorized entry. WWM highlights that client accounts and funds held through the Raymond James partnership remained untouched throughout the incident.

In a letter to affected individuals, WWM says it has taken several precautionary measures to protect its clients.

“Upon becoming aware of the incident, Raymond James and WWM took all of the following actions:
• Placed ID theft alerts on your Raymond James account(s) as a precautionary measure.
• Notified law enforcement.
• Worked with cybersecurity experts to terminate any unauthorized access to WWM systems and further
strengthen the security of our systems.
• Secured credit monitoring services for you…”

The firm says it also notified regulators, including the Massachusetts Office of Consumer Affairs and Business Regulation.

Impacted individuals received direct alerts along with offers for two years of free Experian IdentityWorks credit monitoring.

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