Morningstar Kovack Financial Data Breach Exposes Sensitive Personal Information
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- •Kovack Financial's data breach may have exposed sensitive personal and financial information.
- •The unauthorized access occurred between August 8 and August 27, 2025.
- •Edelson Lechtzin LLP is investigating potential legal actions on behalf of affected individuals.
Kovack Financial, a Florida-based investment advisor and broker-dealer, experienced a data breach that potentially exposed sensitive personal and financial information of individuals. The breach occurred between August 8 and August 27, 2025, after unauthorized access was detected on August 28, 2025. Affected individuals were notified starting August 10, 2026, and the breach may have involved Social Security numbers, financial account information, and driver's licenses. Edelson Lechtzin LLP is investigating the breach and offering free case evaluations to those affected. The firm is also exploring a potential class action lawsuit against Kovack Financial for inadequate data protection measures. Individuals are advised to monitor their credit and consider enrolling in identity protection services offered by Kovack Financial.
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