Data Theft puts LPL clients at risk
LPL Financial yet again has fallen prey to a technology blunder that placed private client information at risk. An unencrypted portable hard drive was stolen from the car of an LPL representative on Feb. 24, according to a letter sent last month by LPL to the attorney general of New Hampshire.
As a result of the theft, private client information, including names, addresses, dates of birth, and Social Security numbers “may have been breached,” Marc Loewenthal, LPL’s senior vice president and chief security and privacy officer, wrote in the letter.
This isn’t the first time LPL has had to deal with a security lapse involving one of its reps.