Data Breach Hits Werth Wealth Management, Clients Warned

A Kansas based firm called Werth Wealth Management recently dealt with a significant security breach. Unauthorized parties gained entry to their computer networks, potentially accessing highly sensitive personal information. Data stolen in the attack may include names, social security numbers, passport details, and driver license information.

Financial partner Raymond James identified the intrusion and alerted the firm to stop the leak. While the firm confirms that client funds and actual brokerage accounts held through Raymond James remain safe, the loss of personal identity data is a serious concern for those involved. The firm acted quickly to isolate its networks and shut down the unauthorized access.

In response to the incident, the firm has notified law enforcement and relevant state regulators. Affected clients are now receiving alerts and are being offered two years of free credit monitoring services to mitigate potential identity theft risks. The firm also placed extra security alerts on all related accounts as a precaution.

This incident serves as a reminder for all investors to stay vigilant with their personal security. Those impacted should take advantage of the credit monitoring services offered and keep a close watch on their financial statements for any suspicious activity.