Ingalls & Snyder, LLC

Ingalls & Snyder, LLC operates as a financial services firm headquartered in the United States of America. The firm provides investment services to both private individuals and institutional clients. It manages assets that are quantified in the billions of dollars, indicating a substantial scale of assets under management. Its core activities position it within the wealth management and investment advisory sector, serving clients seeking portfolio management and financial planning. The organization is known by the aliases Ingalls & Snyder and Ingalls & Snyder, LLC, reflecting its formal legal branding.

On October 31, 2022, Ingalls & Snyder, LLC experienced a data breach when an unauthorized party bypassed its security systems and gained access to sensitive client information stored on its network. The compromised data included names, Social Security numbers, account details, bank information, dates of birth, and driver’s license photographs. Upon detecting the incident, the firm immediately secured its network to prevent further unauthorized access. It then engaged external cybersecurity specialists to conduct a thorough investigation into the scope and origin of the breach. The investigation confirmed that client data had indeed been accessed without authorization, validating the initial detection. Following confirmation, Ingalls & Snyder, LLC notified all affected individuals about the breach and the specific personal and financial information that had been exposed. The disclosure highlighted that the exposed information heightened the risk of identity theft and fraud for those whose data was compromised. The breach underscored the challenges faced by financial services firms in safeguarding extensive volumes of sensitive client data against sophisticated cyber threats. Despite the incident, the firm continues to operate as a provider of investment services, managing billions in assets for its private and institutional clientele.