SRP Federal Credit Union Faces Data Breach Investigation by Edelson Lechtzin LLP
NEWTOWN, Pa., Dec. 13, 2024 (GLOBE NEWSWIRE) — Edelson Lechtzin LLP, a law firm specializing in class-action litigation, is currently probing allegations of data privacy breaches affecting SRP Federal Credit Union (SRP FCU). The investigation follows an incident that began around September 5, 2024, when SRP FCU detected unusual network activities prompting immediate internal scrutiny.
Based in North Augusta, South Carolina, SRP FCU is committed to serving its more than 195,000 members with various financial services, including checking accounts, savings products, and lending options. The credit union’s operations were disrupted when unauthorized access to its computer systems was confirmed during an extensive investigation, which revealed that a third-party actor may have infiltrated its network between September 5 and November 4, 2024. This breach may compromise sensitive personal information, potentially impacting up to 240,742 individuals.
The incident raises significant concerns about data security and the protection of personal identifiers, including names and possibly other sensitive data. Given the volume of affected individuals, the implications for identity theft and fraud are considerable. Affected customers are advised to closely monitor their account statements and review their credit reports for any suspicious activities, as this will be essential in mitigating the potential fallout from the breach.
Cybersecurity experts considering the methods employed during the attack may refer to the MITRE ATT&CK framework, which categorizes various adversary tactics and techniques. In this case, "Initial Access" could have been achieved through phishing or exploiting known vulnerabilities in SRP FCU’s systems. Furthermore, tactics related to "Persistence" and "Credential Access" may have been instrumental in allowing the unauthorized actor to maintain access to the network for an extended period.
Edelson Lechtzin LLP is actively seeking individuals who believe their sensitive information may have been compromised in this breach to join a class-action lawsuit aimed at pursuing legal remedies. Those affected by the incident are encouraged to reach out to the firm for assistance and guidance on their legal options.
For inquiries related to the class action or to learn more about the situation, interested parties should consider contacting Marc H. Edelson, Esq., at Edelson Lechtzin LLP. The firm emphasizes that this press release may constitute Attorney Advertising in certain jurisdictions. No class has yet been certified in this matter, and potential plaintiffs should seek advice explicitly tailored to their situation.
Edelson Lechtzin LLP is recognized nationally for its work on class-action cases, and the firm’s expertise extends beyond data breaches to encompass a range of issues, including securities fraud, antitrust violations, and consumer protection claims. As cyber threats evolve, the situation at SRP FCU underscores the critical need for vigilance in safeguarding personal and financial information within an increasingly complex digital landscape.
