GrowthInvest Initial Statement on Mainspring Data Breach
- On July 21, 2022
- By GrowthInvest Marketing
This statement is intended to provide an initial statement and update to a reported data breach at Mainspring Nominees Limited (“Mainspring”) and may have already been communicated to advisers and clients. Mainspring is the custodian for a number of the funds that are available on the GrowthInvest platform, mainly EIS, SEIS and IHT funds. If your clients are invested in any of these funds, either via the GrowthInvest platform or directly, it is possible that their data has been accessed and compromised.
Mainspring have created a specific page for anybody who may be affected by the data breach, and which they assure us will be the best way to keep up to speed with the very latest news and updates on this. This page can be found here https://www.mainspringfs.com/data-notice
We know that many fund managers and financial advisers have already communicated to their clients, so we are not intending to send any specific communication to any advised clients at this stage, though are very happy to discuss any specific requirements with financial advisers. Please be assured that the GrowthInvest platform is not directly affected by this data breach and is protected against this type of attack.
We take the security of client data extremely seriously and we are doing everything possible to discover how this happened, and to work with Mainspring to get to the bottom of it.
We do recommend that every client and adviser take certain steps to limit the possibility of any further impact and have outlined these in some more detail below, along with initial answers to other key questions.
We do recommend that every client and adviser takes certain steps to limit the possibility of any further impact and have outlined these in some more detail in a specific document (The GrowthInvest Statement On Mainspring Data Breach – July 22), along with our initial answers to other key questions that we believe will be helpful to advisers and their clients.
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