Strauss Borrelli PLLC, a leading data breach law firm, is investigating Wellesley Asset Management, Inc. (“Wellesley”) regarding its recent data breach. The Wellesley data breach may have involved sensitive personal identifiable information belonging to over 1,900 individuals.
ABOUT WELLESLEY ASSET MANAGEMENT, INC.:
Wellesley is an independent, registered investment advisory firm based in New Hampshire. Utilizing convertible bonds, Wellesley offers many different types of investors a non-traditional approach to achieving return while seeking to mitigate risk.3 Today, Wellesley provides separate account management for registered investment advisors, sponsored managed account platforms and other institutional investors.3 Founded in 1991, Wellesley currently manages approximately $2 billion in assets. Headquartered in Portsmouth, New Hampshire, Wellesley employs approximately 30 individuals.
WHAT HAPPENED?
Recently, Wellesley reported to the Attorney General of Maine that it had experienced a data breach in which the sensitive personal identifiable information in its systems may have been accessed. According to the breach notice, on May 20, 2024, Wellesley became aware that the email account of one of its employees had been compromised. As a result, Wellesley launched an investigation to determine the nature of the incident.
Through its investigation, Wellesley learned that sensitive personal information in its systems may have been viewed by an unauthorized individual during the time that the employee’s email was compromised. As a result, Wellesley began a review of the data to determine what information had been impacted as well as identify the specific individuals affected. While the information impacted varies depending on the individual, the type of information potentially exposed includes:
- Name
- Social Security number
- Financial account numbers
On September 20, 2024, Wellesley began mailing data breach notification letters to impacted individuals. Based on the breach notice sent to Maine residents, Wellesley is providing affected individuals with a list of the specific type of sensitive information impacted and complimentary credit monitoring services. A link to the form breach notification letters that Wellesley filed with the Attorney General of Maine is below.
If you received a breach notification letter from Wellesley Asset Management, Inc.:
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.
