On June 30, 2020, The Reserve Trust Company issued a press release titled: “The Reserve Trust Company – Notice Of Data Breach”, via PR Newswire. The purpose of the release was to provide notice to their customers and the public of a recent data privacy event that “may have affected certain personal information”.
According to the press release, the company is investigating the incident and have retained forensic investigators to assist them in understanding the scale of the potential data breach. The release mentions that a review of known compromised email accounts occurred on May 4, 2020, to determine what information may have been exposed and stated that the accounts “contained sensitive information related to certain individuals”.
The Reserve Trust Company is notifying customers whose information they believe may have been exposed out of “an abundance of caution”.
The Company currently has no evidence of actual access or misuse of information.
The release continued to specify that the information contained in the potentially compromised email accounts included names, addresses, social security numbers, driver's license numbers, and financial information.
Ali Saeed, an experienced data breach victims attorney, announced an investigation into the potential data breach at The Reserve Trust Company following an announcement by the company that they had a data privacy incident that may have exposed social security numbers and financial information of certain individuals.
At this point, Mr. Saeed is conducting an investigation into the alleged data breach and is actively communicating with current and former clients of The Reserve Trust Company to help them understand their legal options.
While the data breach investigation is in its infancy, Mr. Saeed believes that should evidence present that warrants the filing of a data breach class-action lawsuit against The Reserve Trust Company, he has the experience, and financial resources to successfully represent the interests of all those affected by an alleged data breach.