Barings Bank Data Breach: Know Your Rights
You May Be Entitled to Compensation
If you're one of the individuals affected by the Barings LLC data breach, it's important to understand that you may be entitled to compensation. Lawyers are ready to help guide you through the process of protecting your rights and seeking any recompense you may be due as a result of this incident.
What Happened?
On October 29, 2023, Barings LLC, a global investment manager, experienced a data breach through its third-party recordkeeper, Newport Group, Inc., and service provider, Infosys McCamish Systems (IMS). This breach led to unauthorized access to systems and potential exposure of personal information of Barings' plan participants and their beneficiaries. The breach was disclosed to the Maine Attorney General's office, and as of now, 2,671 individuals in the United States, including one in Maine, have been reported as affected.
Your Rights and Next Steps
What Information Was Involved?
The exposed data may include names, contact information, dates of birth, Social Security numbers, employee IDs, and employment status. It's critical to understand that not all data types may have been compromised for each individual.
Immediate Measures
- Register for Credit Monitoring Services provided by Experian IdentityWorks, which Barings is offering for two years at no cost. Visit Experian IdentityWorks and use the provided activation code by June 30, 2024.
- Obtain a Free Credit Report annually from each of the three nationwide consumer reporting agencies by visiting AnnualCreditReport.com or calling 1-877-322-8228.
Additional Steps
- Review the Reference Guide attached to the consumer notice for further recommendations by the U.S. Federal Trade Commission on protecting personal information.
- Consider placing a Fraud Alert or a Security Freeze on your credit file to prevent new credit accounts from being opened in your name without your consent.
- Report any incidents of identity theft or fraud to law enforcement, the FTC, and your state Attorney General.
Legal Rights
- You have the right to file a police report if you believe identity theft has occurred.
- You may have the right to seek legal redress and compensation for damages incurred as a result of the breach.
For more detailed steps and additional support, you can call the dedicated assistance line at 800-230-3950, available Monday – Friday, 8:00 AM - 8:00 PM ET.
Joining a Lawsuit
If you've been affected by the Barings Bank data breach, you have the opportunity to join a lawsuit to seek compensation for any harm suffered. By completing the below form, you can take the first step towards holding those responsible accountable. Lawyers are ready to assist you in this process and will work to protect your rights and interests.