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Banks SD 13 reports vendor data breach, offers credit monitoring; January finances show expenses exceed revenue
Banks SD 13 Board of Directors · February 19, 2025
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Summary
District staff said a vendor that oversees retirement savings (Group Compliance) experienced a breach; the district is notifying employees and offering complimentary credit monitoring. The board also received January financials (revenue $900,468; expenses $1,106,161) and was told interim audit work will start March 3.
A district administrator (speaker 2) informed the board that Group Compliance, which handles the district’s retirement-savings administration and compliance processes, reported a data breach in January. The district notified affected…
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