Keenan battles class action for cyber breach

TLDR:

Keenan & Associates, a unit of AssuredPartners Inc., is facing a class-action lawsuit on behalf of clients alleging that the brokerage failed to implement sufficient cyber security measures and was too slow to disclose a 2022 data breach. The suit seeks statutory, actual, and punitive damages, attorneys fees and costs, and credit monitoring services, among other things.

Keenan & Associates is facing a class-action lawsuit over allegations that the brokerage failed to implement adequate cyber security measures and was too slow to disclose a 2022 data breach. The suit, filed on behalf of clients, claims that the breach, which may have affected over 1.5 million individuals, was a result of Keenan’s failure to implement proper cybersecurity procedures. The lawsuit is seeking various damages and credit monitoring services.

The suit, Matthew Rutledge, individually and on behalf of all others similarly situated v. Keenan & Associates, was filed in the U.S. District Court for the Central District of California on February 2nd. Keenan notified affected individuals about the data breach on January 26th, several months after the breach occurred. The lawsuit alleges that Keenan’s delay in notifying individuals and failure to implement sufficient cybersecurity measures resulted in the data breach.

The class-action suit seeks statutory, actual, and punitive damages, attorneys fees and costs, and credit monitoring services for affected individuals. Keenan & Associates has not yet responded to the lawsuit. The breach has raised concerns over the brokerage’s handling of cybersecurity and its responsibility to protect consumers’ private information.

This case highlights the growing importance of cyber security measures and the potential legal consequences for organizations that fail to adequately protect private information. The lawsuit seeks not only financial compensation but also credit monitoring services to help individuals protect themselves from potential identity theft or other negative consequences resulting from the breach.