Retirement Clearinghouse Breach

The Retirement Clearinghouse is a financial services provider that works with companies that want to help their employees be more financially stable. The company helps employees transfer their personal savings into company 401K plans and IRAs through the company. There are a total of 87 employees at Retirement Clearinghouse, and the company generates approximately $20 million in revenue annually.

What Was the Breach?

• Matrix Trust IRA Account Numbers
• First and Last Names
• Social Security Numbers

How Did the Breach Occur?

This Retirement Clearinghouse data breach occurred because an employee's email account was compromised. When the account intrusion was detected, it was quickly secured, but at that point, confidential data could have been accessed, changed, copied, and misused.

When Did This Breach Occur?

This Retirement Clearinghouse breach was first detected on March 15, 2023. The company secured the email rapidly and hired specialists to investigate the issue. The investigations finished on March 28, 2023, and determined that confidential information may have been lost in the breach.

Who Does the Breach Impact?

Approximately 10,509 IRA account holders, mostly from the Matrix Trust Company, were impacted by this breach. Anyone that was impacted by the breach will receive a notice in the mail, and if you get one of those notices, you should take steps to protect yourself from financial and credit damage.

How Many Files Does the Breach Affect?

There isn't a Retirement Clearinghouse file count for this breach. We only know that more than 10,000 individuals were impacted by the breach, but we don't know how many files were accessed during the breach.