Data Breach

EFS Advisors Data Breach Investigation

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Shamis & Gentile P.A., one of the nation's premier class action law firms specializing in data breach cases, is investigating the EFS Advisors LLC data breach. If you were affected by the data breach, your sensitive personally identifiable information may have been exposed, and you may be eligible for compensation.

About EFS Advisors LLC

EFS Advisors LLC is a financial services firm helping clients navigate with personalized financial planning. The firm employs experienced advisors who work closely with clients to meet their unique goals. Based in Cambridge, Minnesota, EFS Advisors has a long history of serving both individual clients and non-profit organizations, particularly in managing retirement and pension plans.

What Happened?

In late February 2024, EFS Advisors LLC experienced a significant data breach. An unauthorized third party exploited a zero-day vulnerability in software used by an external IT provider, attempting to access the firm's computer network. This breach was detected on May 9, 2024, and the following types of consumer information were potentially exposed:

  • Social Security Number
  • Financial Account Information
  • Driver's License Number or Non-Driver Identification Card Number

The company reported a total of 31,042 people were affected by the breach.

Your Rights and Next Steps

If you believe you were affected by this breach, it's important to take immediate action to protect your personal information. EFS Advisors has begun notifying affected individuals via written communication as of May 23, 2024. They are also offering free credit monitoring services through TransUnion, which you can activate using a unique code provided in their notification letter.

Here are some steps you can take:

  1. Enroll in the offered credit monitoring service to stay alerted to any changes in your credit report.
  2. Regularly review your financial statements and report any suspicious activities.
  3. Consider placing a fraud alert or a security freeze on your credit reports.
  4. Monitor your accounts for signs of identity theft.

You May Be Entitled to Compensation

If your information was compromised in this breach, you might be entitled to compensation. Lawyers are ready to help you understand your rights and guide you through the process of securing what you are owed due to this breach. Please consider filling out the below form to join a potential lawsuit and claim any compensation you may be entitled to.


Submit Your Claim