New American Funding confirmed that its internal systems and data remained uncompromised despite an unauthorized actor accessing consumer data through MNZ. The lender terminated its relationship with MNZ, notified law enforcement, and launched an internal investigation. NAF could not determine individual affected customers, prompting a notification to all clients linked with MNZ. The breach may have involved sensitive information such as names and Social Security numbers. As a protective measure, NAF will offer affected customers free credit monitoring and identity protection services.
NAF emphasized that its internal systems and data were not compromised but terminated its relationship with MNZ and alerted law enforcement and federal regulators.
NAF's internal investigation revealed that an unauthorized actor gained access to systems containing consumer data, potentially including names, addresses, Social Security numbers, and financial account information.
NAF could not identify individual impacted customers, leading them to notify all clients whose information was shared with MNZ.
Affected customers will receive free credit monitoring and identity protection services as part of NAF's commitment to maintaining trust as financial advisors.
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