#USA #Data Breach #Edelson Lechtzin #Newtown #SogoTrade

Investigating Data Breach at SogoTrade Inc.

Edelson Lechtzin LLP, a prominent law firm specializing in class action cases, has announced its investigation into allegations of data privacy violations involving customers of SogoTrade, Inc. This development comes after SogoTrade reported suspicious activity on its computer systems around March 18, 2025. As customers are left vulnerable, understanding the implications of this breach is crucial.

What Happened?

SogoTrade, a financial services firm that offers affordable online trading and investment solutions, uncovered a serious security issue where a phishing email containing malware led to unauthorized access to four email accounts linked to the company. This breach is reported to have occurred between May 8, 2024, and May 22, 2024, resulting in the potential compromise of sensitive customer data.

What Information Was Compromised?

The breach may have exposed various types of personal information, including:

• - Names
• - Financial Account Numbers
• - Social Security Numbers
• - Tax Identification Numbers

Customers affected by this incident may find their personal data at risk, leading to significant concerns over identity theft and fraud.

Steps to Protect Your Data

In light of this troubling event, customers are advised to be vigilant about their personal information and take proactive steps to safeguard themselves against possible misuse. Here are key recommendations:
1. Monitor account statements regularly: Review your financial accounts for any discrepancies or unauthorized transactions.
2. Check credit reports: Request a copy of your credit report to ensure all listed activities are accurate. Look for accounts you don't recognize.
3. Be cautious of communications: If you receive unsolicited communications asking for your personal information, verify their legitimacy before responding.

The Role of Edelson Lechtzin LLP

Edelson Lechtzin LLP is stepping in to investigate a potential class action lawsuit aimed at holding SogoTrade accountable for the potential exposure of its customers' sensitive information. Individuals who think they might have been affected are encouraged to participate in the legal process through the firm’s ongoing investigation.

To learn more about how to join this case or if your information has been impacted, contact:

• - Marc H. Edelson, Esq.

Edelson Lechtzin LLP
411 S. State Street, Suite N-300
Newtown, PA 18940
Phone: 844-696-7492 ext. 2
Email: [email protected]
Website: www.edelson-law.com

Conclusion

As data breaches become more frequent, it is imperative for users of online financial services to remain alert and informed. The ongoing investigation by Edelson Lechtzin LLP represents a significant step toward ensuring that affected customers can seek justice and protection against potential misuse of their information. Customers of SogoTrade must stay updated and actively engage with the recommendations provided to mitigate risks associated with the breach.