Strauss Borrelli PLLC, a leading data breach law firm, is investigating Kovack Securities, Inc. and Kovack Advisors, Inc. (collectively, “Kovack Financial”) regarding its recent data breach. The Kovack Financial data breach may have involved sensitive personal identifiable information belonging to over 43,000 individuals.
ABOUT KOVACK SECURITIES, INC. AND KOVACK ADVISORS, INC.:
Kovack Financial is a financial services company based in Florida. Founded in 1997, Kovack Securities, Inc., (KSI) & Kovack Advisors, Inc. (KAI) are powerful partners for entrepreneurial financial advisors seeking to create their own successful business.2 Today, Kovack Financial’s primary goal is to help financial representatives and advisors establish competitive, independent practices.2 To this end, Kovack Financial provides its customers with the services, tools, resources and training to help manage the complexities of running their own practices.2 This includes Kovack Financial’s open product architecture and innovative fee-based programs, coupled with its multiple Clearing Firms (Fidelity (NFS), Pershing, TD Ameritrade and Fidelity Institutional Wealth Services (IWS)).2 Headquartered in Fort Lauderdale, Florida, Kovack Financial employs over 200 individuals.
WHAT HAPPENED?
On or around September 5, 2023, Kovack Financial discovered that it had experienced a data breach in which the sensitive personal identifiable information in its systems may have been accessed and acquired. Through its investigation, Kovack Financial determined that an unauthorized third party accessed this sensitive information through certain Kovack Financial email accounts between August 15, 2023, and September 5, 2023. On July 9, 2024, Kovack Financial began notifying individuals whose information may have been impacted. The exact type of personal information potentially exposed has not been made publicly available by Kovack Financial. However, according to state reporting guidelines, “personal information” can include the following types of information:
- Name
- Social Security number
- Driver’s license or state ID number
- Account number, credit or debit card number
- Account passwords or personal identification numbers or other access codes
If you received a breach notification letter from Kovack Financial:
We would like to speak with you about your rights and potential legal remedies in response to this data breach. Please fill out the form, below, or contact us at 872.263.1100 or sam@straussborrelli.com.
