Ascension Mortgage & Bank Loan Information-Data Breach-Class Action Investigation

Ascension Mortgage & Bank Loan Information-Data Breach-Class Action Investigation

Chimicles Schwartz Kriner & Donaldson-Smith LLP (CSK&D) is investigating a potential class action lawsuit against Ascension Data & Analytics, LLC (“Acension”)—a company that offers data and analytics services to the financial industry—following news that the personal information associated with banking documents stored on Ascension’s servers—including names, addresses, birth dates, and even social security numbers—was accessed by unauthorized users during a recent data breach.

Specifically, Ascension reported that the breach was discovered on January 15, 2019, and involved approximately 24 million financial and banking documents that contain a wealth of loan and mortgage data from some of the biggest financial institutions in the United States. Acension released the following statement notifying consumers and financial institutions of the data breach:

“On January 15, [one of Acension’s] vendor[s] learned of a server configuration error that may have led to exposure of some mortgage-related documents. The vendor immediately shut down the server in question, and we are working with third-party forensics experts to investigate the situation. We are also in regular contact with law enforcement investigators and technology partners as this investigation….”

Banks and lenders whose consumers may have been affected by this major breach of information include CitiFinancial, HSBC Life Insurance, Wells Fargo, and Capital One. It is also possible that more than just these banks were compromised—federal agencies, including the Department of Housing and Urban Development, used Ascension services, and may have had information exposed through this breach as well. Banks affected in this data breach have been informed of the issue. Approximately 54,000 mortgage borrowers had their data exposed, according to Miami real estate news source The Real Deal, and some may yet remain unaware that the breach has occurred at all.

If you believe your personal financial information was compromised by this recent data breach, please contact the lawyers listed on this page.

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Attorneys for this case:

Benjamin F. Johns
Mark B. DeSanto