Strauss Borrelli PLLC, a leading data breach law firm, is investigating The Baupost Group, LLC (“Baupost”) regarding its recent data breach. The Baupost data breach may have involved sensitive personal information belonging to an undetermined number of individuals.
ABOUT THE BAUPOST GROUP, LLC:
Baupost is an investment management firm based in Massachusetts. Founded in 1982, Baupost invests capital on behalf of families, foundations and endowments, as well as employees.2 Today, Baupost manages roughly $28 billion with a broad and flexible charter, investing in a wide range of asset classes, including significant holdings in publicly traded debt and equity securities, private debt, real estate, and private equity.2 Headquartered in Boston, Massachusetts, Baupost employs over 200 individuals.
WHAT HAPPENED?
Recently, Baupost reported to the Attorney General of the Commonwealth of Massachusetts that the sensitive personal identifiable information in its care may have been compromised. According to the form breach notice, on November 2, 2024, Baupost’s payroll services provider experienced a security incident.1 After becoming aware of the incident, Baupost provided initial notice on November 4, 2024. Beyond this, Baupost does not elaborate on the nature of the security incident that impacted its systems. While the information impacted varies depending on the individual, the type of information potentially exposed includes:
- Name
- Social Security number
- Financial account information
On December 9, 2024, Baupost began mailing data breach notification letters to impacted individuals. Based on the breach notices provided to the Massachusetts residents, Baupost is providing affected individuals with a list of the information impacted and 24 months complimentary identity monitoring services. A link to the form breach notification letter that Baupost filed with the Attorney General of the Commonwealth of Massachusetts is below.
If you are a current or former employee of, or have received a breach notification letter from, The Baupost Group, LLC:
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.
