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Fidelity Investments Data Breach

Posted on behalf of Arnold Law Firm in

NOTICE: If you received a NOTICE OF DATA BREACH letter from Fidelity Investments, contact the Arnold Law Firm at (916) 777-7777 to discuss your legal options or submit a confidential Case Evaluation form here.

On October 9, 2024, Fidelity Investments (“Fidelity”) reported a cybersecurity incident (“Data Breach”) to the Attorneys General of Maine and California. Fidelity reported that on August 19, 2024, it discovered suspicious activity in its computer network. A subsequent investigation found that between August 17 and August 19, 2024, an unauthorized user had accessed and obtained personal information regarding Fidelity’s customers.

On or about October 9, 2024, Fidelity began sending out data breach notification letters to those affected by the Data Breach. Each notification letter includes complimentary 2-year access to credit monitoring and identity restoration services provided by TransUnion Interactive.

According to Fidelity’s report, approximately 77,099 individuals were impacted by the Data Breach. Fidelity has not yet specified what information had been stolen. If you received a data breach notification letter from Fidelity, it indicates that you were affected by the Data Breach.

Founded in 1946 and headquartered in Boston, Massachusetts, Fidelity is a financial services company that has hundreds of locations throughout the United States and abroad. Fidelity employs more than 70,000 individuals and generates approximately $28 billion in annual revenue.

WHAT INFORMATION IS INVOLVED?

As the Data Breach was only recently announced, Fidelity has only disclosed very limited information. We are closely monitoring the ongoing investigation, and more details are expected to emerge as the company is required to notify all impacted individuals. If you received a data breach notification letter or email from Fidelity, it indicates that your information was compromised in the Data Breach.

Typically, the confidential information compromised in such cybersecurity incidents involves your name, date of birth, Social Security number, driver’s license information, government-issued ID number, financial information, as well as health insurance information and medical information.

This information is referred to as your Personally Identifiable Information (“PII”). It provides critical details about you and is an integral part of your identity. Businesses are legally required to protect this information, or they risk incurring statutory penalties and other legal repercussions. When PII is stolen, it can be used by identity thieves to commit fraudulent activities using your identity.

The best way to protect yourself after a data breach is to sign up for credit and identity protection services as soon as possible. California offers extra protections and legal rights to its residents through the California Consumer Privacy Act (“CCPA”).

NOTICE: If you received a NOTICE OF DATA BREACH letter from Fidelity Investments, contact the Arnold Law Firm at (916) 777-7777 to discuss your legal options or submit a confidential Case Evaluation form here.

Settlement - $3,767,000

Truck Accident

A 20-year-old man who had been married for just 12 days left home on his way to work. He was driving on Pleasant Grove Road in Sutter County in the early morning when he came upon a slow-moving truck. As he pulled out to pass the truck, the truck driver turned left in front of him. The young man attempted to steer back into his lane but his vehicle struck an un-flagged piece of metal extending from the back of the truck. He died in the resulting crash.

Expert witnesses brought in by the Arnold Law Firm proved that the truck, owned and operated by a hauling firm, should never have been on the highway that morning. Specifically, the rear and side turn signals did not work and the rear-view mirror was in a poor state of adjustment at the time of the collision. As a result, the driver, who had failed to properly inspect the vehicle before setting out that morning, couldn’t see the young man’s vehicle as it attempted to pass.

The poor condition of the truck, its lack of maintenance and the manner in which it was operated were found to be substantial factors in causing the collision that killed the young man. The testimony also established that the man had been making a lawful pass at the lawful speed limit and acted reasonably when he attempted to avoid the collision.

The man’s 20-year-old widow was awarded $3,767,000.77, his parents were awarded $185,131 and the family was reimbursed $11,899 in funeral expenses. Though money is a poor substitute for a young man’s life, this verdict demonstrates that drivers who endanger the lives of others will be held accountable for their actions.