Citrin Cooperman Cyberattack Exposes Sensitive Data: Key Facts Revealed

What You Need to Know

Citrin Cooperman Advisors LLC reported a data breach after a cyberattack allowed unauthorized access to sensitive information including names, Social Security numbers, and financial account numbers of affected consumers.

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  • Company Name: Citrin Cooperman Advisors LLC
  • Date Filed: November 6, 2023
  • Number of People Affected: Unknown
  • Data Breached: Names, Social Security numbers, financial account numbers, and other information.

Who’s Affected & What Data Was Breached

Affected Customers

The specific number of customers affected by the Citrin Cooperman Advisors data breach has not been disclosed. The notices of data breach have been sent to individuals whose information was compromised as a result of the incident.

Compromised Data

The unauthorized access allowed cyber attackers to obtain sensitive customer information, which may include names, Social Security numbers, financial account numbers, and other personal data. The extent of the compromised data may vary among individuals impacted by the breach.

Citrin Cooperman Advisors Data Breach Summary

Overview of the Incident

On November 6, 2023, Citrin Cooperman Advisors LLC reported a cyberattack that compromised their computer network. The breach resulted in unauthorized access to the personal information of consumers, including names, Social Security numbers, financial account numbers, and other data.

Discovery and Initial Response

Citrin Cooperman became aware of a potential data security issue on November 7, 2023. The company quickly acted to contain the incident and informed law enforcement agencies. Subsequently, they engaged third-party data security experts to investigate the nature and scope of the breach.

Investigation Findings

The investigation confirmed that the event was a cyberattack. Hackers managed to infiltrate Citrin Cooperman’s IT infrastructure and exfiltrate sensitive data belonging to some of their customers.

Identification of Breached Information

Citrin Cooperman Advisors conducted an in-depth review of the exposed files to ascertain the specific information that was leaked and to identify the consumers affected by the incident. The types of data compromised in the breach varied from one individual to another.

Notification to Impacted Parties

Following the investigation, on November 6, 2023, Citrin Cooperman Advisors dispatched notification letters to the individuals whose data was implicated in the security incident. These notifications included details of the information pertaining to each victim that had been compromised.

Differentiation from Citrin Cooperman & Company, LLP

It is important to clarify that the data security mishap did not affect Citrin Cooperman & Company, LLP, which operates as a separate, licensed independent CPA firm. The reason for this is that the breached data was contained within the networks of Citrin Cooperman Advisors LLC, a distinct entity.

Company Background

Citrin Cooperman Advisors LLC is a professional accounting firm headquartered in New York City, with a presence across various states. They provide a range of services including attest, tax, and advisory functions, and employs a significant workforce generating notable annual revenue.

Continuous Developments

Further details concerning the Citrin Cooperman Advisors data breach are expected to be disclosed as new information becomes available. Affected individuals have been advised of steps to take and legal options in light of the breach.

Overview of Citrin Cooperman Advisors LLC

Services Provided

Citrin Cooperman Advisors LLC is a professional services firm that offers a variety of essential business services. Clients typically use the company for attest, assurance, tax, business advisory, valuation, and forensic services. These services are integral to businesses that are looking to ensure financial accuracy, compliance with regulations, and sound operational strategies.

Customer Base

The company’s customer base is diverse and includes entities seeking professional accounting and advisory services. Citrin Cooperman caters to businesses in various industries, aiming to help them with their complex financial and regulatory needs. The clients range from small businesses to large corporations looking for tailored financial services.

Geographical Presence

With a robust presence across the United States, Citrin Cooperman operates approximately 25 locations. The firm s offices are in key states such as California, Illinois, New York, New Jersey, Connecticut, Florida, Pennsylvania, Rhode Island, Maryland, and Virginia. This geographical spread enables the company to serve a broad clientele with varying regional business requirements.

Company Scale and Operations

Citrin Cooperman Advisors is noteworthy for its scale, employing more than 2,400 professionals. These employees provide support and drive the company’s operations, ensuring Citrin Cooperman meets its commitment to delivering high-quality services. The firm leverages their expertise to maintain its reputation and meet the demands of its comprehensive client base.

Financial Footprint

In terms of financial performance, Citrin Cooperman Advisors LLC generates an impressive $428 million in annual revenue. This speaks to the company’s size and the extent of its market penetration in the professional services sector. Revenue generation at this scale is indicative of the firm’s ability to maintain a large and satisfied customer base.

Regulatory Compliance and Ethics

As a full-service accounting firm, Citrin Cooperman is well-versed in regulatory compliance and ethical standards expected in the industry. Their services are designed to help clients not only comply with financial regulations but also to adhere to the highest ethical standards in business operations and financial reporting.

Specialized Services

The company’s forensic services suggest a capability to handle cases that require detailed investigation into financial activities, potentially involving fraud or financial disputes. Similarly, their valuation services are used by clients who need accurate assessments of business value for a variety of purposes such as mergers, acquisitions, or investments.