Retirement Clearinghouse Data Breach Investigation

Turke & Strauss LLP, a leading data breach law firm, is investigating Retirement Clearinghouse regarding its recent data breach. The Retirement Clearinghouse data breach involved sensitive personal identifiable information belonging to over 10,500 individuals.

ABOUT RETIREMENT CLEARINGHOUSE:

Retirement Clearinghouse is a financial technology services organization that partners with plan sponsors to move clients’ retirement savings forward as participants change jobs. Accordingly, Retirement Clearinghouse specializes in missing participant search, automatic rollover IRAs, 401(k) portability, uncashed distribution check services, and more. Founded as RolloverSystems in 2001, Retirement Clearinghouse prides itself as the United States’ leader in retirement savings portability. Headquartered in Charlotte, North Carolina, Retirement Clearinghouse operates two wholly owned subsidiaries, RCH Securities, LLC and RCH Shareholder Services, LLC.

WHAT HAPPENED?

On or about March 15, 2023, Retirement Clearinghouse discovered that it had experienced a data breach in which the sensitive personal identifiable information in its systems may have been accessed. Through its investigation, Retirement Clearinghouse determined that an unauthorized actor may have accessed this sensitive information between March 15 and March 16, 2023. On May 12, 2023, Retirement Clearinghouse began contacting individuals whose information may have been impacted. The type of information exposed includes:

  • Name
  • Social Security number
  • IRA account number at Matrix Trust Company

If you received a breach notification letter from Retirement Clearinghouse:

We would like to speak with you about your rights and potential legal remedies in response to this data breach. Please fill out the form, below, or contact us at (608) 237-1775 or sam@turkestrauss.com.

If you were impacted by the Retirement Clearinghouse data breach, you may consider taking the following steps to protect your personal information.

  1. Carefully review the breach notice and retain a copy;
  2. Enroll in any free credit monitoring services provided by Retirement Clearinghouse;
  3. Change passwords and security questions for online accounts;
  4. Regularly review account statements for signs of fraud or unauthorized activity;
  5. Monitor credit reports for signs of identity theft; and
  6. Contact a credit bureau(s) to request a temporary fraud alert.

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