AdviceOne Network Breached

  • By Steven
  • Sep 07, 2022

An unauthorized actor accessed AdviceOne's network earlier this year. The digital security breach culminated in the exposure of highly sensitive AdviceOne customer information between February 2022 and March 2022. Let's delve into the details of the attack to shed light on how hackers were able to steal the data and what might become of that valuable information. 

How did AdviceOne Respond to the Breach?

AdviceOne responded quickly, sending formal notices of the data breach to the compromised individuals. However, affected customers might become victims of identity theft due to this digital infiltration, potentially leading to financial fraud, a reduction in credit score, and plenty of frustration. The AdviceOne data breach reinforces the merit of fortifying your digital defenses at least once every six months.

Though AdviceOne certainly disappointed its customers by failing to safeguard sensitive data, the company should be credited for proactively bolstering its digital security policies, systems, and procedural nuances in the aftermath of the attack. AdviceOne even went as far as providing Experian identity monitoring services to compromised individuals.

How Many People Were Victimized in the Hack?

AdviceOne representatives publicly stated the data breach led to the exposure of valuable information about more than 7,000 people. Hackers stole full names, Social Security numbers, bank account information, dates of birth, driver's license numbers, and even login information such as usernames and passwords.

Has AdviceOne Revealed Much About how the Hack was Performed?

AdviceOne representatives have revealed limited information about the hack, highlighting how they first identified signs of digital aggression in the form of suspicious activity within the network. An unauthorized individual accessed the AdviceOne network in the year's first financial quarter. The company insists the specific information about each customer exposed to the hacker differs by individual.

Some customers' full names were exposed while others' bank account details were stolen, and so on. The company deserves commendation for contacting compromised customers with data breach letters. However, it took until the second quarter of the year for AdviceOne to notify affected customers of the data breach.

Why is the Hack Significant?

The AdviceOne hack is meaningful as the company is an emerging leader in the New England regional wealth management space. Located in Glastonbury, Connecticut, AdviceOne provides financial services and wealth management education sessions.

AdviceOne is a relatively small business, employing 30-40 individuals. The fact that hackers are willing to zero in on a business of this size instead of a mid-level corporation or larger organization exemplifies the extent of recent digital offensives. The moral of this story is that no business, individual, or other party is safe in the context of the digital warfare taking place on the web.

How Should AdviceOne Data Breach Victims Move Forward?

Victims of the AdviceOne hack are encouraged to review their credit reports at least once every couple of months. Those compromised by the breach are advised to stay vigilant, protecting against potential financial fraud and identity theft. Implement the industry's latest digital safeguards at both your home and work computers, view requests for information from the lens of an identity theft target, and proceed accordingly. 

AdviceOne customers are also encouraged to change their passwords used for company services. Above all, everyone who uses a computer at work or home will benefit from the expertise of cybersecurity professionals who keep their fingers on the pulse of the industry’s rapid evolution.

About the Author
IDStrong Logo

Related Articles

Instagram Vulnerability Allowed Hackers Access to Control Your Phone

Security experts Check Point Research discovered a critical vulnerability while examining Instagra ... Read More

Alien Malware Infects More than 226 Mobile Apps and Steals Bank Data

As reported on September 24, 2020, by ZDNet and ThreatPost, a new strain of malware named “A ... Read More

Universal Health Systems Hit by Ransomware Attack

Universal Health Systems (UHS), a Fortune 500 company owning more than 400 hospitals across the co ... Read More

Exchange Server Bug Exposes a Big Risk to Hackers

Months after Microsoft released a patch to fix a serious flaw in MS Exchange Server, more than 61% ... Read More

Clients’ Bank Data Exposed in Blackbaud Ransomware Attack

Blackbaud software was victim to a ransomware attack last May, and new information suggests that c ... Read More

Latest Articles

BMO Bank Loses Customer Data in Recent Data Breach Attack

BMO Bank Loses Customer Data in Recent Data Breach Attack

BMO Bank is the 8th largest bank in the United States, employing over 12,000 individuals. The bank manages more than $3 Billion in annual reserves and works with a huge number of customers as it has over 1,000 physical locations across the country.

Lakeland Community College in Ohio Suffered a Major Data Breach

Lakeland Community College in Ohio Suffered a Major Data Breach

Lakeland Community College is a public school located in Lake County, Ohio. The school serves approximately 8,700 students at one time and provides over 135 different associate degrees and technical certificates.

Delta Dental of California is Another Victim in the String of MOVEit Data Breaches

Delta Dental of California is Another Victim in the String of MOVEit Data Breaches

Delta Dental of California is a major dental insurance provider throughout one of the largest states in the US. The company is well-known for offering PPO dental insurance policies and other varieties of dental insurance options.

Featured Articles

How to Buy a House with Bad Credit

How to Buy a House with Bad Credit

Buying your own home is the American Dream, but it might seem out of reach to those with bad credit. However, the good news is, if your credit is less than perfect, you do still have options and in most cases, can still buy a home.

How Secure Is Your Password? Tips to Improve Your Password Security

How Secure Is Your Password? Tips to Improve Your Password Security

Any good IT article on computers and network security will address the importance of strong, secure passwords. However, the challenge of good passwords is that most people have a hard time remembering them, so they use simple or obvious ones that pose a security risk.

Top 10 Senior Scams and How to Prevent Them

Top 10 Senior Scams and How to Prevent Them

Senior scams are becoming a major epidemic for two reasons. First, seniors often have a lot of money in the bank from a life of working hard and saving.

Free Identity Threat Scan
Instantly Check if Your Personal Information is Exposed
All fields below are required
Please enter first name
Please enter last name
Please enter a city
Please select a state
Please enter an email address
Close