AssetMark Trust Data Breach Exposes Social Security Numbers: 570k Impacted

AssetMark Trust Company, a financial services firm that provides custodial and recordkeeping services for financial advisors and their clients, disclosed a data breach.

AssetMark Trust Company operates as a specialized division of AssetMark Inc. The company was founded in 1996, is headquartered in Concord, California, and employs over 1,000 people.

The breach resulted in the exposure of consumers' personally identifiable information (PII). The specific types of data compromised in the incident included names, Social Security numbers and government ID numbers.

Approximately 570,000 total individuals were impacted as a result of the incident. Of which, 15,085 Massachusetts residents, 1,643 Vermont residents and 359 Texas residents were identified as affected.

The breach was additionally disclosed to the Nebraska Attorney General.

AssetMark Trust Company's response to the breach

AssetMark Trust Company is notifying affected individuals by U.S. Mail. Consumers who believe they may have been impacted by this breach should watch their mailboxes for official correspondence from the company in the coming weeks.

Affected individuals should treat any notification they receive with urgency and take prompt action to safeguard their personal information.

Notification letters from companies that have experienced data breaches typically contain important details, including a description of what happened, an explanation of what types of information were involved and a summary of what steps the company is taking in response.