Lincoln Financial Advisors,a subsidiary of Lincoln Financial Group,has informed its clients that a portfolio information system,containing clients' names,Social Security and financial account numbers was potentially vulnerable to unauthorized access.LFA added quickly that they have no evidence or reason to believe that the information has been acquired or misused by an unauthorized person.They are notifying clients out of an abundance of caution and to inform them of steps they are taking,LFA said in a letter.
The portfolio information system integrates accounting and performance of customer assets.It is not used to transfer funds or effect trades-only for reporting and analysis of accounts,LFA explained.There is no indication that the vulnerability of the system has compromised the security,confidentiality or integrity of the information.LFA has engaged outside forensic consultants,who conducted a comprehensive investigation of the vulnerability.LFA has taken specific actions to improve data security,as well as investigate other client information systems for other potential problems.LFA says it is continually strengthening its computer security policies and procedures across all of its IT platforms.
As a precautionary measure,LFA has engaged Kroll,Inc. to provide their ID TheftSmart service free for one year to LFA clients.This includes Continuous Credit Monitoring and Enhanced Identity Theft Consultation and Restoration.The matter shows the jittery atmosphere that is currently pervading the IT world in light of recent reports of high profile breaches of cybersecurity.Even a vulnerability is being treated with the utmost gravity,sought out and firmly dealt with immediately,regardless of cost.
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