Strauss Borrelli PLLC, a leading data breach law firm, is investigating IBW Financial Corporation, which does business as Industrial Bank, regarding its recent data breach. The Industrial Bank data breach involved sensitive personal identifiable information and protected health information belonging to over 92,000 individuals.
ABOUT IBW FINANCIAL CORPORATION:
Industrial Bank is a community bank serving the Washington D.C. area. Founded in 1934, Industrial Bank is the oldest African American owned bank in the Washington region. As a family-owned establishment, Industrial Bank works to promote financial literacy in its community through partnerships as well as informational seminars. Industrial Bank continues to serve their community by offering a range of banking services from checking and saving accounts to consumer and commercial loans. Headquartered in Washington D.C. with locations in Maryland, New York, and New Jersey, Industrial Bank employs around 150 individuals and handles over $550 Million in assets.
WHAT HAPPENED?
On September 30, 2021, Industrial Bank discovered that it had experienced a data breach in which the sensitive personal identifiable information and protected health information in its systems may have been accessed. Through its investigation, Industrial Bank determined that an unauthorized actor may have accessed this sensitive information on September 30, 2021. On November 22, 2022, Industrial Bank began contacting individuals whose information may have been impacted. The type of information exposed includes:
- Name
- Social Security number
- Drivers license number
- Financial account Information
- Passport number
- Health insurance information
- Medical information
If you received a breach notification letter from Industrial Bank:
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.
