Patelco Credit Union confirmed a significant data breach that has compromised the personal information of approximately 726,000 customers. The breach is part of a broader wave of cyberattacks targeting financial institutions, and its repercussions could be severe for those affected.
If you believe you or someone you know has been affected by this data breach, contact Morgan & Morgan today for a free, no-obligation case evaluation. We will hear your story and advise you on your legal options.
What Happened With the Patelco Data Breach?
In August 2024, Patelco Credit Union disclosed that they had suffered a data breach affecting 726,000 of their customers. The breach involved unauthorized access to a vast amount of sensitive information, including names, Social Security numbers, bank account details, and other personally identifiable information (PII). While the exact method of the breach remains under investigation, it is clear that cybercriminals exploited vulnerabilities in the credit union’s systems, leaving customers vulnerable to identity theft and financial fraud.
This also begs the question—was this not preventable?
What Are the Risks for Customers Affected by the Patelco Data Breach?
For the 726,000 customers whose data was compromised, the risks are significant. Here’s what you need to be aware of:
- Identity Theft: With access to PII, cybercriminals can open fraudulent accounts, apply for loans, or engage in other forms of identity theft. This can lead to long-term damage to your credit score and financial stability.
- Financial Fraud: Bank account information can be used to withdraw funds, make unauthorized purchases, or engage in other forms of financial fraud. Even if the unauthorized activity is discovered, the process of reclaiming lost funds can be lengthy and stressful.
- Phishing and Scams: Cybercriminals often use breached data to conduct targeted phishing attacks, posing as legitimate institutions to trick customers into revealing even more sensitive information.
- Emotional Distress: Beyond the financial implications, being a victim of a data breach can cause significant emotional distress. The constant vigilance required to monitor your financial accounts, combined with the fear of potential identity theft, can be overwhelming.
What Should I Do if My Information Was Compromised in a Data Breach?
If you’re a Patelco customer and believe your information may have been compromised, there are several steps you should take immediately to protect yourself:
- Monitor Your Credit: Regularly check your credit reports for any unauthorized activity. You can request free reports from the major credit bureaus and consider placing a fraud alert or credit freeze on your accounts.
- Review Your Bank Statements: Scrutinize your bank and credit card statements for any suspicious transactions. Report any unauthorized charges to your financial institution immediately.
- Change Passwords and Security Questions: Update your online banking passwords and security questions. Ensure that your new passwords are strong and unique to reduce the risk of further breaches.
- Be Cautious of Phishing Attempts: Be vigilant about any unsolicited emails, calls, or texts that ask for personal information. Verify the source before responding to any requests.
How Can Morgan & Morgan Help?
Morgan & Morgan is here to support you in the wake of the Patelco data breach. As the nation’s largest injury law firm, we have a proven track record of fighting for the rights of those affected by data breaches and other forms of negligence.
Our attorneys specialize in data breach cases and have the experience needed to navigate the complexities of these situations. We’ll help you understand your rights, assess the extent of the damage, and explore your legal options.
Victims of data breaches may be entitled to compensation for financial losses, emotional distress, and other damages. We’ll work tirelessly to ensure you receive the maximum compensation possible for your case.
If you choose to work with us, we can get started right away and for free. That’s right—the Fee Is Free™, and you only pay if we win your case.
At Morgan & Morgan, we believe that everyone deserves access to top-tier legal representation, regardless of their financial situation. That’s why we operate on a contingency fee basis—you don’t pay anything unless we win your case.
Contact Us Today
Regardless of any steps that the credit union is taking to address the breach, the damage has been done. If you’re among the 726,000 customers affected, take action to protect yourself and explore your legal options.
At Morgan & Morgan, we’re committed to fighting for the rights of the people. If you or someone you know has been impacted by the Patelco data breach, don’t hesitate to reach out for a free, no-obligation case evaluation. Let us help you navigate this challenging time and secure the compensation you deserve.