Janney Montgomery Scott Data Breach Investigation

The Lyon Firm is actively involved in personal privacy and healthcare data theft cases and is currently investigating Janney Montgomery Scott data breach claims on behalf of plaintiffs nationwide.

Janney Montgomery Scott, a large American financial advisor, reported a data breach resulting from a ransomware attack against R.R.Donnelly & Sons Company. Janney, and many other companies, use Donnelly to process customer communications.

As a result of the Janney Montgomery Scott breach, the names, addresses, account numbers, account values, birth dates, and Social Security numbers of thousands of individuals were compromised. In late April 2022, Janney began sending out data breach notification letters to victims whose information was affected by the recent breach.

What Information was Involved?

Compromised information in data security incidents may include the following:

• Name
• Address
• Social Security number
• Driver’s license number
• Medical information
• Health insurance information
• Payment Information and financial accounts

Joe Lyon is a highly-rated data breach lawyer and Privacy Attorney representing plaintiffs nationwide in class action security breach lawsuits.

Can You Sue following the Janney Montgomery Scott Data Breach?

Entities that collect and store data have a duty to protect personal information to the best of their ability. When they are negligent, and a data theft incident occurs, they may be liable for the following:

• Improperly monitoring data security systems for existing intrusions
• Not ensuring that vendors with access to computer systems and data employ reasonable security procedures
• Improperly training employees in handling emails containing personal data and maintain adequate email security practices
• Failure to implement technical policies and procedures to allow electronic data access only to individuals or software programs granted access rights
• Failure to implement procedures to review records of information system activity regularly, such as audit logs, access reports and security incident tracking reports
• Improperly protecting against reasonably anticipated threats or hazards to the security or integrity of stored data

An experienced class action privacy attorney can determine if you are eligible to file a data breach lawsuit or join a class of plaintiffs. Lawyers investigating the matter can assist in determining the following:

• Did Janney Montgomery Scott  fail to adopt security safeguards that would have prevented a breach?
• Did Janney Montgomery Scott notify customers as soon as it learned of the incident?
• Did Janney Montgomery Scott provide a complete list of all individuals impacted?
• Did Janney provide security in line with industry standards?

In many cases, data breach notifications have been sent out many months after a security breach incident was detected. There may be valid reasons for a delay in reporting, though in some cases this institutes a severe disservice to those impacted by a data theft event.

Delays to individual data theft notifications could mean individuals information has been in the hands of criminals for many months before they are even aware about the data theft.

Privacy lawyers claim promptly sending out individual data breach notification letters and being transparent about the fraud risk for individuals is not only ethical, but the only way to avoid stiff penalties.

What Should You Do Following the Janney Montgomery Scott Data Breach?

Regardless of the reason for a security breach, victims have the right to file a claim against a company for failing to protect their information. All companies and organizations must exercise reasonable care in protecting patient information, and if they do not, they can be held liable for the damages that result, including identity theft.

Security breach plaintiffs and privacy attorneys representing plaintiffs have been able to settle multi-million dollar recoveries. If you or a loved one has received notice of an online security incident affecting you, or suspect signs of identity theft, contact a data theft lawyer for a free consultation.

Individuals can be ruined financially and emotionally, and deserve proper online security measures. But many companies and hospitals violate privacy laws and consumer rights, and thus face class action lawsuits.

After a data breach turns your life upside down, remember that you are not the only victim. There are millions of Americans who suffer from data privacy events every year, and in turn, seek legal action for compensation and to hold companies accountable for negligent security systems.

If you want more information on current data security litigation and how to file a data theft class action lawsuit, contact The Lyon Firm for a free and confidential Janney Montgomery Scott data breach case review.