SRP Federal Credit Union Data Breach

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SRP Federal Credit Union Data Breach: Over 240,000 Individuals Affected

SRP Federal Credit Union, a South Carolina-based financial institution, recently disclosed a significant data breach that compromised the personal information of over 240,000 individuals. This breach highlights the growing risks posed by cyberattacks and raises questions about the time it took for SRP to detect and respond to unauthorized access to its systems.

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Details of the Breach

According to filings with regulators in Maine and Texas, SRP Federal Credit Union discovered suspicious activity on its network and initiated an investigation. The investigation revealed that hackers accessed sensitive systems between September 5 and November 4, 2024, and potentially acquired personal and financial data. The investigation concluded on November 22, 2024.

The data breach exposed highly sensitive information, including:

• Names
• Social Security numbers
• Driver’s license numbers
• Dates of birth
• Financial information, such as account numbers and credit or debit card numbers

SRP has stated that its online banking and core processing systems were not impacted.

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Who Is Responsible?

SRP has not disclosed the identity of the attackers, but a ransomware group known as Nitrogen has claimed responsibility for the breach. Nitrogen alleges it stole 650 GB of customer data, including sensitive personal and financial details. Ransomware attacks like this involve malicious software that blocks access to systems or files until a ransom is paid.

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Impact on Victims

The compromised information puts affected individuals at risk of:

• Identity theft
• Unauthorized financial transactions
• Fraudulent credit or loan applications
• Data being sold on the dark web

Victims may also experience an increase in phishing emails, spam calls, and other fraudulent activities targeting their personal information.

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What You Should Do Now

If you received a data breach notification from SRP Federal Credit Union, follow these steps to protect yourself:

1. Enroll in identity theft protection services offered by SRP.
2. Monitor your credit reports and financial accounts for any unauthorized activity.
3. Consider placing a fraud alert or credit freeze on your accounts.
4. Be cautious of phishing emails or calls requesting sensitive information.

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Your Legal Rights and Options

At Pittman, Dutton, Hellums, Bradley & Mann, P.C., we understand the serious consequences of data breaches and are committed to protecting the rights of individuals affected by such incidents. If your personal information was exposed in the SRP Federal Credit Union breach, you may be entitled to compensation for:

• Financial losses
• Costs associated with identity theft protection
• Emotional distress
• Time and effort spent resolving identity theft issues

Our experienced data breach attorneys can guide you through the legal process and help you seek justice.

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Contact Us for a Free Consultation

Don’t wait to protect your identity and legal rights. If you’ve received a data breach notification from SRP Federal Credit Union, contact us today for a free consultation. We will help you understand your options and fight for your rights.

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