Envision Credit Union Data Breach Prompts Investigation into Class Action Lawsuit
Console & Associates, P.C. Investigates Possible Class Action Lawsuit Against Envision Credit Union Following Recent Data Breach Affecting More Than 55,000 Consumers
MARLTON, N.J. - Jan. 29, 2022 - PRLog -- The law firm of Console & Associates, P.C. announced that it will be investigating the recent Envision Credit Union data breach to determine what legal remedies, if any, will be available to consumers affected by the breach. If it turns out that Envision failed to adequately protect individuals' sensitive data from unauthorized access, the company may be financially liable to individuals whose information was compromised as a result of the breach.
A data breach occurs when an unauthorized party gains access to a company's computer networks and the consumer data these networks contain. These security incidents often result from a person hacking into a company's network to remove data or install harmful software on the network.
While a data breach doesn't necessarily mean that the information obtained will be used for criminal purposes, one of the most common reasons hackers conduct cyberattacks is to obtain information that can later be used to commit identity theft.
Often, the data accessed through a breach is either retained by the party orchestrating the cyberattack or sold to another party. In either case, there is no way to be sure what the party in possession of the information plans to do with it, and affected consumers are at an increased risk of experiencing identity theft or other financial losses.
The investigation into the breach is ongoing, but this cybersecurity incident raises serious concerns about the company's efforts to safely store and maintain sensitive consumer data. If it turns out that Envision Credit Union has in some way mishandled or failed to protect consumer data, affected parties may be eligible for financial compensation through a data breach class action lawsuit.
Attorney Richard Console explains, "It's easy to place all the blame for a data breach on the person who hacks into an organization's system; however, this ignores the legal and moral obligation that these companies owe to customers. When someone gives a company their business, they trust that the information in the organization's possession will remain private—and out of the hands of criminals. While protecting consumer data requires a business to undergo some effort and expense, in our current environment of widespread hacking, this is a cost of doing business that all organizations must take seriously."
According to Envision Credit Union's data privacy incident notice, the company reported that it had experienced a data security event in August 2021. However, many details about the breach are not yet known, including how the hacker may be intending to use the data that was breached. Further investigation ultimately revealed that the sensitive information of approximately 55,694 individuals was compromised.
The notice states that the compromised information may have included individuals':
Consumers can reach Console & Associates, P.C. through the firm's website at https://www.myinjuryattorney.com/
Console & Associates P.C. is dedicated to protecting consumers' privacy interests. The firm investigates all types of data breaches, ransomware attacks, and other network intrusions to determine the legal rights of consumers who trusted corporations with their sensitive information. For more information, interested parties may visit https://www.myinjuryattorney.com/
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