Sax LLP Data Breach Impacts 228,000 Individuals

Sax LLP, a New Jersey-based financial services firm, has disclosed a significant data breach that impacted approximately 228,000 individuals across the United States. The breach was detected on August 7, 2024, following unusual network activity, and the subsequent investigation confirmed that sensitive personal information, including names, dates of birth, Social Security numbers, driver's license/state ID numbers, and passport numbers, may have been compromised. The firm has begun notifying affected individuals.

Regulated entities, particularly those in the financial services sector, should be aware of this incident as it highlights ongoing cybersecurity risks. While this notice is informational, affected individuals are advised by the NJCCIC to review guidance on compromised PII and identity theft. Companies should ensure their data security measures are robust and that incident response plans are up-to-date to prevent and mitigate similar breaches.