Social EngineeringFinancial ServicesFinancePhishingStolen CredentialsBECMulti-Stage ChainData ExfiltratedCustomer Data InvolvedIdentity (basic)Government IDFinancial accountCredentialsMediumContained

Walter Shuffain Advisors

bd_593581ed87391420 · schema v1 · pii pii-v1

Severity

Medium

Discovered

Dec 11, 2024

Filed

Mar 10, 2025

To disclose

13 weeks

Affected · nationwide

3833 in this filing

Linked

4 filings

Confidence

66%

Full breach record for Walter Shuffain Advisors →

Walter Shuffain Advisors, Inc. reported a business email compromise incident occurring between Dec 3-11, 2024. Unauthorized access was gained via phishing, leading to the acquisition of client PII including SSNs, DOBs, and financial data. 383 individuals affected. Law enforcement notified; credit monitoring offered.

J jump to incidentP pin to compareR raw source

Maine clockDiscovered Dec 11, 2024 → Filed with AG Mar 10, 202589d ⏱ ME AG >30d13 weeks discovery → filing

Incident timeline

undetected · 8 days

discovery → filing · 13 weeks / 89 days

Dec 3, 2024

Begins

Dec 11, 2024

Discovered

Mar 10, 2025

Filed

vs. sector median

+5 wks slower

This filing is one of 4 filings about the same incident.View merged incident

Linked disclosures

Why this link?

Regulatory filings (3) · sorted by filing gap

Vermont State AGbd_58883c62b98b408b2025-03-11 · +1dVerified
Indiana State AGbd_c31433e6cf94fe342025-03-11 · +1dVerified
New Hampshire State AGbd_cf014831265a88802025-03-13 · +3dVerified

Name: Walter Shuffain Advisors
norm: walter shuffain advisors
Domain: wsadvisors.com
Industry: Financial Services

Name: Walter Shuffain Advisors
norm: walter shuffain advisors
Domain: wsadvisors.com
Industry: Financial Services
Industry: Financial Servicesllm

Discovered: Dec 11, 2024
Breach occurred: Dec 3, 2024 – Dec 11, 2024
Undetected for: 8 daysoccurrence → discovery
Materiality determined: —
Notification sent: Mar 11, 2025
Affected individuals: 383state + nationwide
Data types: Identity (basic)Government IDFinancial accountCredentials
Data elements: Social Security numberDate of birth
Attack vector: Phishing
MITRE ATT&CK: T1566.002 Spearphishing LinkT1078 Valid AccountsT1114 Email Collection
Threat actor: ExternalFinancial
Regulator citations: Filed notification with Maine Attorney General
Initial access: phishing_link

During the incident: Secured the compromised email account
Engaged third party information technology and forensic specialists
Notified law enforcement
Worked with security experts to enact additional security measures
Changes made: Enacted additional security measures designed to stop a similar occurrence in the future
Source: Quoted from the filing itself, not independently verified.

Time to disclose: 13 weeks(89 days from discovery to filing)
Compliance flags: ME AG >30d · 89dME resident >60d · 90d
Discovery-date grounding: letter-groundedThe discovery date is the detection date narrated in the notification letter — the defensible tier.
Clock breakdown: Statute Window Elapsed Threshold Status
Maine
Discovered: Dec 11, 2024
→ Filed with AG: Mar 10, 2025
89d 30 days (soft) ME AG >30d
Maine
Discovered: Dec 11, 2024
→ Notified: Mar 11, 2025
90d 60 days (analyst band; statutory cap is 30 days) ME resident >60d

Statute	Window	Elapsed	Threshold	Status
Maine	Discovered: Dec 11, 2024 → Filed with AG: Mar 10, 2025	89d	30 days (soft)	ME AG >30d
Maine	Discovered: Dec 11, 2024 → Notified: Mar 11, 2025	90d	60 days (analyst band; statutory cap is 30 days)	ME resident >60d

Status: No extraction artifact recorded for this disclosure.

Filing propagation · 4 filings · 4 states

View merged incident ↗

Maine State AGMar 10 · first · this page

Vermont State AG+1d

Indiana State AG+1d

New Hampshire State AG+3d

Evidence ladder

Leak-site claim

Attacker assertion only. Establishes: claim date, group, alleged victim.

Press / market report

Unlocks: incident narrative, operational impact. Still no compliance clock.

State AG / regulator filingThis record

Unlocks: discovery date, data types, affected count, compliance clock.

SEC 8-K / victim statement

Unlocks: materiality, stated response, full audit trail. Ceiling removed.

Source URL: https://www.maine.gov/agviewer/content/ag/985235c7-cb95-4be2-8792-a1252b4f8318/c836e324-8d62-42bf-800f-96f405d0d730.html
DisclosureLens links to the originating regulator URL — full filing bodies are not redistributed from public surfaces (§4.5).
Filed at: Mar 10, 2025
Raw hash: 78bd50b279944ee7b862fc595892bdc72e889de84b1026525b8fc649f14d9901

Linked disclosures

Regulatory filings (3) · sorted by filing gap

Reporting entityWalter Shuffain Advisors

Victim entityWalter Shuffain Advisors

Incidentdiscovered Dec 11, 2024

Stated responseSecured the compromised email account

ComplianceME AG >30d

Extraction provenanceno artifact recorded

Source provenancewww.maine.gov