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Financial Asset Management Systems Data Breach Investigation

Written by Joseph Lyon on . Posted in Data Breach.

The Lyon Firm is investigating the Financial Asset Management Systems data breach incident that may have impacted the personal and protected health information of over 164,000 individuals. Contact our data breach lawyers to learn more about how to protect yourself following a data theft event and how to potentially file a class action lawsuit.

What Happened at Financial Asset Management Systems?

On March 31, 2023, Financial Asset Management Systems (FAMS) discovered they were the target of a data breach in which the sensitive personal information of tens of thousands of individuals in its systems may have been accessed and stolen. FAMS determined that an unauthorized actor may have accessed and acquired certain data belonging to Navient Portfolio Management on or around March 31, 2023.

In September 2023, FAMS finally began contacting individuals whose information may have been impacted. The type of information compromised could include:

  • Name
  • Social Security number

More About FAMS

Financial Asset Management Systems is a debt collection company operating out of Georgia. FAMS works with financial institutions nationwide, including Navient Portfolio Management, to provide support in loss prevention, account rehabilitation, and revenue recovery.

Our lawyers represent victims of data theft nationwide, and work with some of the leading privacy firms in the country. We are currently involved in numerous class actions. We aim to compensate victims and hold negligent parties accountable. Free consultations available in all fifty states.

It is critical to take action when your personal data gets leaked to prevent fraud and identity theft. Cybercriminals can use bits of data to manipulate your financial and health accounts in various ways. Call to learn more about what you can do, and to evaluate your case. By filing a class action data theft lawsuit, you can recover damages for yourself and thousands of other victims. We work on a contingency fee basis, and aim for fast and lucrative settlements.