Strauss Borrelli PLLC, a leading data breach law firm, is investigating Capital Fund 1, LLC regarding its recent data breach. The Capital Fund 1 data breach may have involved sensitive personal information and protected health information belonging to over 5,100 individuals.
ABOUT CAPITAL FUND 1, LLC:
Capital Fund 1 is a private hard money lender based in Arizona. Founded in 2009, Capital Fund 1 partners with real estate investors to provide them with the necessary capital to complete their projects.3 Today, Capital Fund 1 offers a range of loan programs for various real estate projects, including fix and flip loans, buy and hold loans, commercial bridge loans, construction and land loans, remodels and additions, land and lot loans, cash-out refinance loans, and more.4 Headquartered in Scottsdale, Arizona, Capital Fund 1 has five additional locations across Texas, Colorado, Tennessee, and Georgia, and employs over 50 individuals.
WHAT HAPPENED?
Recently, Capital Fund 1 reported to the Attorney General of Maine that it had experienced a data breach in which sensitive personal identifiable information and protected health information in its systems may have been accessed and acquired. According to the breach notice, on July 12, 2024, Capital Fund 1 became aware of a disruption to its network. As a result, Capital Fund 1 launched an investigation to determine the nature of the incident.
Through its investigation, Capital Fund 1 confirmed that sensitive personal information in its systems may have been viewed and obtained by an unauthorized third party during the breach. As a result, Capital Fund 1 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
- Driver’s license number
- Financial information (e.g., account number, credit or debit card number)
- Medical information
- Health insurance information
On November 26, 2024, Capital Fund 1 began mailing data breach notification letters to impacted individuals. Based on the breach notice sent to Maine residents, Capital Fund 1 is providing affected individuals with a list of the specific types of sensitive information impacted and 12 months of complimentary credit monitoring services. A link to the form breach notification letters that Capital Fund 1 filed with the Attorney General of Maine is below.
If you received a breach notification letter from Capital Fund 1, 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.
