Best Collateral Data Breach Investigation
The data breach lawyers at The Lyon Firm are investigating a reported data breach at Best Collateral, Inc., which may have impacted the personal data of a large number of individuals. Contact our data theft attorneys for a free case review and consultation following any data security incident that may have compromised your personal information.
What Happened at Best Collateral?
On March 6, 2025, Best Collateral, Inc. filed a notice of data breach with the Attorney General of California after concluding that an unauthorized party had accessed certain parts of its IT network. In the company notice, posted on their website, Best Collateral explains that the incident resulted in an unauthorized party being able to access consumers’ names, Social Security numbers, driver’s license numbers, biometric information, military identification numbers, and health insurance policy information.
After an initial investigation, Best Collateral started sending out data breach notification letters to individuals known to be affected by the data security incident. If you have received a letter from the company, it is important to understand the risks of fraud and identity theft moving forward. It is prudent to take certain measures to help mitigate the potential for further privacy intrusions.
According to sources, on January 17, 2025, Best Collateral first detected the unusual network activity and contacted third-party cybersecurity experts to assist. After their investigation, on February 10, 2025, Best Collateral confirmed the suspected unauthorized access to their network containing confidential information belonging to staff and customers.
Operating in Northern California, Best Collateral is a financial services company operating a network of pawn shops that provide short-term collateral loans and retail sales of pre-owned merchandise.
Our legal team represents plaintiffs in a wide range of privacy litigation, including data misuse, data breach, and other data privacy claims. Contact us to seek compensation for any damages related to a data theft incident.