41,270 Americans Now at Risk of Financial Fraud – Firm Says Names, Social Security Numbers, Account Records and More May Have Been Exposed

Tens of thousands of Americans are at risk of financial fraud after hackers managed to siphon customer data stored on behalf of an insurance firm.

In a new notice to the Maine Attorney General, Velocity Risk Underwriters says that 41,270 Americans are impacted by a cybersecurity incident.

According to the firm, the hackers gained unauthorized access to the database of a third-party vendor that stored Velocity’s data and stole customer information that may include names, Social Security numbers, financial account records and tax identification numbers.

“On April 28, 2025, Velocity Risk Underwriters, LLC received notice from its prior third-party vendor, WaterStreet Company, which previously hosted certain of its data, that WaterStreet had discovered suspicious activity related to its environment on March 17, 2025, and Velocity information held by Waterstreet may have been impacted…

On June 26, 2025, WaterStreet provided data files to Velocity, which identified the business clients and individuals associated with Velocity that were impacted by this incident and the types of information that may have been compromised.”

Velocity is an insurance underwriter that offers high-risk property insurance to residential and commercial clients in catastrophe-prone states like Texas, California and Louisiana.

The firm says it immediately sent letters of notification to impacted individuals while offering free 12-month identity theft protection services through IDX.

For now, the Velocity says it has not yet received reports of identity theft or fraud arising from the incident.

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