SogoTrade Data Breach Affects 48,696 Customers: SSNs Leaked

On March 18, 2025, SogoTrade, Inc., a U.S.-based online discount brokerage firm, discovered a significant data breach affecting tens of thousands of its customers. The breach occurred on two separate dates: May 8, 2024, and May 22, 2024. According to disclosures filed with state authorities, a total of 48,696 individuals in the United States were impacted, including 88 residents in Maine and 159 in New Hampshire.

The information exposed in this incident includes first and last names, financial account numbers, Social Security Numbers, and/or tax identification numbers. The breach was reported to the California Attorney General's office, the Maine Attorney General's office, and the New Hampshire Attorney General's office in early May 2025.

SogoTrade notified affected consumers by written notice on May 2, 2025. While the precise method of how the breach occurred or who was responsible has not been publicly disclosed, the exposure of sensitive financial and identification information makes this breach particularly severe. The risk of identity theft and financial fraud is elevated for those whose information was compromised.

SogoTrade, Inc.'s response

After discovering the breach, SogoTrade, Inc. moved quickly to notify state regulators and affected individuals. Written notifications were sent to consumers starting May 2, 2025, in accordance with state laws. The company’s response included filing breach notices with the relevant state authorities and providing detailed information about the types of data exposed.

Given the nature of the compromised information—especially Social Security Numbers and financial account numbers—affected individuals should take immediate steps to protect themselves. It is strongly recommended to:

• Monitor your financial accounts for any unauthorized activity.
• Consider placing a fraud alert or credit freeze with the major credit bureaus.
• Review your credit reports regularly for unfamiliar accounts or changes.
• Be alert for phishing attempts or suspicious communications that may use your exposed information.

If you received a notification from SogoTrade, review it carefully for any additional resources or support the company may be offering, such as credit monitoring or identity theft protection services. If you have questions or need further assistance, you can visit SogoTrade’s official website at sogotrade.com.

For more information about SogoTrade’s services, regulatory status, or recent regulatory actions, you can visit their official website.