Data Breach at Penobscot Wealth Management: What You Need to Know

In a significant data breach, Penobscot Wealth Management, a financial services organization based in Portland, Maine, has reported that a total of 991 individuals have been affected. This incident, which occurred due to an external system breach, has raised serious concerns regarding data security and the protection of personal information.

About Penobscot Wealth Management, PA

Penobscot Wealth Management, PA is a prominent financial services company located at 1 Monument Square, Portland, ME 04101. The firm is dedicated to providing comprehensive wealth management solutions to its clients, focusing on investment strategies, financial planning, and asset management.

What Happened

The breach occurred on July 16, 2024, when hackers infiltrated the organization’s external systems. The breach was discovered later, on October 28, 2024. Following the incident, Penobscot Wealth Management took immediate steps to notify the affected individuals. Written notifications were sent out on July 07, 2025, informing them about the breach and the potential risks associated with it.

As a precautionary measure, the organization has offered identity theft protection services through Equifax, which includes one year of credit monitoring and identity theft protection services to those affected.

Next Steps

If you believe you are one of the affected individuals and have concerns about your personal information, it is crucial to take action. We at SLFLA (Srourian Law Firm) are here to help you navigate your options and understand your rights. Don’t hesitate to reach out to us for a consultation and to discuss the next steps you should take.