SogoTrade Data Breach Affects 48,696 Customers: SSNs Leaked

On March 18, 2025, SogoTrade, Inc., a U.S.-based online discount brokerage, discovered a data breach that impacted a significant portion of its customer base. According to the disclosure filed with the Maine Attorney General’s office, the breach affected a total of 48,696 individuals in the United States, including 88 residents of Maine.

The company began notifying consumers in writing on May 2, 2025.

The breach exposed sensitive personally identifiable information (PII) of affected customers. While the specific data elements compromised have not been detailed in the public filing, data breaches at financial services firms like SogoTrade often involve information such as names, account numbers, Social Security numbers, addresses, email addresses, and possibly other account-related details. There is no indication that protected health information (PHI) was involved.

The method by which the data was accessed has not been disclosed. However, the scale of the breach—impacting nearly 50,000 individuals—suggests a significant compromise of customer records.

The incident was formally reported to regulators, including the Maine Attorney General’s office, on May 8, 2025. The breach’s severity is underscored by the large number of affected individuals and the nature of the information at risk, which could potentially be used for identity theft or financial fraud.

SogoTrade's response

In response to the breach, SogoTrade notified affected customers via written correspondence starting May 2, 2025. The company has set up a dedicated support line at 1-833-998-6193, available Monday through Friday from 8:00 a.m. to 8:00 p.m. Eastern Time (excluding holidays), to answer questions and provide assistance to those impacted.

SogoTrade’s notice to consumers, which will be available in PDF format at the bottom of this article’s page, outlines steps individuals can take to protect themselves. These include monitoring accounts for suspicious activity, placing fraud alerts or credit freezes with major credit bureaus, and reporting any suspected identity theft to law enforcement or the Federal Trade Commission. The notice also provides contact information for the Attorney General’s offices in several states, offering additional resources for consumers seeking guidance.

Given the nature of the breach and the potential exposure of sensitive financial information, affected individuals should remain vigilant. It is advisable to review account statements regularly, change passwords for online accounts, and consider enrolling in identity theft protection services if offered. If you receive a notification from SogoTrade, take the recommended steps immediately to help safeguard your personal information.

For more details on SogoTrade’s regulatory history and business operations, visit the official SogoTrade website.