SogoTrade, Inc Data Breach – Investigated by Federman & Sherwood
Oklahoma City, Oklahoma (May 12, 2025) – On or around March 18, 2025, SogoTrade became aware that a phishing email containing malicious software led to unauthorized access to four employee email accounts. The unauthorized access is believed to have occurred between approximately May 8, 2024, and May 22, 2024. A comprehensive investigation conducted by an independent third-party cybersecurity firm confirmed the details of the incident.
Following the discovery, Sogo Trade conducted a review of its phishing response procedures and implemented enhanced security awareness training for its staff.
To help support affected individuals, SogoTrade has arranged for Cyberscout, a TransUnion company specializing in identity protection and fraud remediation, to provide complimentary identity monitoring services for one year. These services include credit file monitoring and alerts for 12 months following enrollment, as well as access to professional fraud support in the event of suspected or confirmed identity theft.
Federman & Sherwood is actively investigating the data breach to assess the complete extent of the incident, including whether additional information was compromised and the potential wider consequences. The firm advises all impacted individuals and organizations to stay alert and take appropriate steps to protect their personal, medical, and financial data.
The type of information potentially exposed includes:
- Name
- Social Security number
- Tax identification numbers
- Financial account information
- Other sensitive information
What is Sogo Trade, Inc.?
SogoTrade is an online discount stock brokerage firm offering a variety of investment products and services. It provides access to trading stocks, options, ETFs, and even cryptocurrencies through platforms like Bakkt. SogoTrade also offers asset management services and tools for social stock trading.
If you’ve recently received a data breach notification, you may be wondering about the potential risks and how best to respond. Federman & Sherwood is currently investigating the breach and reviewing potential legal claims on behalf of individuals whose personal or financial information may have been compromised.
The firm is dedicated to helping you understand your legal rights and determine what options may be available to you. Contact us today to learn more or to see if you may be eligible to join related legal proceedings.
To speak with a member of our legal team or request additional information, please email info@federmanlaw.com or visit www.federmanlaw.com.
FEDERMAN & SHERWOOD
(405) 235-1560