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Prosper Data Breach Lawsuit Investigation
Shamis & Gentile P.A., one of the nation's premier class action law firms specializing in data breach cases, is investigating the Prosper Funding 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 Prosper Funding
Prosper Funding LLC is a financial technology company based in San Francisco, operating one of the first and largest peer-to-peer lending marketplaces in the United States. Founded in 2005, Prosper has facilitated over $23 billion in personal loans to more than 1.3 million people.
The company allows individuals to borrow and invest in unsecured personal loans through an online platform, with loans ranging from $2,000 to $50,000. Prosper Funding LLC acts as the servicing entity for Prosper Marketplace Inc., managing borrower and investor relationships and servicing all loans originated via the Prosper platform.
All personal loans are made by WebBank, a Utah-chartered industrial bank, and then sold as Borrower Payment Dependent Notes to investors. Prosper has expanded its offerings in recent years to include credit cards and home equity products.
What happened?
Recently, Prosper Funding LLC discovered unauthorized activity on its systems. An investigation was launched and the company confirmed certain personal information was obtained in the cyberattack. Customer information and applicant data were included in the data breach.
The hacked data included customer and applicant information. Prosper began emailing impacted individuals on Sept. 17, 2025. The emails state that the data breach investigation is ongoing and the company will continue to provide updates as they become available. The total number of impacted applicants, borrowers and investors has not been released but is believed to be in the thousands.
Exposed Information
- Names
- Social Security Numbers
Additional possible exposed information may include contact information, employment information and financial account numbers. Prosper has published cybersecurity incident customer FAQs on its website.
Your Rights and Next Steps
If you received a notice about the Prosper data breach, or believe your information may have been involved, you have important rights and options. You may be entitled to seek compensation for any harm or inconvenience caused by this cybersecurity incident.
- Communication and credit monitoring services: Review and save any notification letters you receive. Enroll in free credit monitoring and identity protection services, if offered.
- Monitor your accounts carefully: Check your financial statements regularly for suspicious activity or unauthorized transactions. If you notice anything unusual, contact your financial institution immediately.
- Fraud alert and credit reports: A fraud alert informs creditors to take extra steps to verify your identity before opening new accounts in your name. Consumers are also entitled to one free credit report annually from each credit bureau. You can request a fraud alert or a credit report by contacting any one of the three major credit bureaus.
- Seek legal help: Lawyers are ready to help you understand your rights and pursue compensation.
You May Be Entitled to Compensation
If you were impacted by the Prosper Funding LLC data breach, you may be entitled to compensation. This could include reimbursement for out-of-pocket expenses, time spent addressing the breach, or payment for emotional distress.
Lawyers are investigating claims on behalf of affected individuals. Complete the form below to join a potential lawsuit and pursue a claim.
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