Wedbush Securities Data Breach Exposes Clients' Social Security Numbers

On May 17, 2025, the Pasadena-based financial services firm, Wedbush Securities, experienced a data breach due to a misconfigured web-facing internal application. This vulnerability allowed unauthorized access to sensitive client data for nearly two months, from May 17 to July 11, 2025. The breach was discovered on July 11, 2025, after which the company secured the application and launched an investigation with the help of data privacy specialists.

According to a disclosure to the California Attorney General on Dec. 12, 2025, unauthorized actors may have accessed files containing personal information for a subset of clients. The types of information exposed included names, financial institution names, account numbers and Social Security numbers.

Wedbush Securities' response

The company is offering complimentary Single Bureau Credit Monitoring, a Single Bureau Credit Report and a Single Bureau Credit Score for 12 months through Cyberscout, a TransUnion company specializing in fraud assistance and remediation services. These services provide alerts for any changes to a credit file, helping affected individuals detect suspicious activity quickly. Additionally, proactive fraud assistance is available for anyone who has questions or believes they may become a victim of fraud.

Affected clients are encouraged to:

• Remain vigilant by reviewing account statements and monitoring free credit reports for unusual activity
• Consider placing a fraud alert or credit freeze with the major credit bureaus (Equifax, Experian and TransUnion)
• Take advantage of the complimentary credit monitoring and identity restoration services provided

For further information or assistance, clients can call the dedicated assistance line at 833-467-0739, Monday through Friday, 8 a.m. to 8 p.m. EST (excluding major U.S. holidays).