Goldman Sachs Says Some Clients’ Data May Have Been Exposed in Law Firm Data Breach

Goldman Sachs warned certain alternative fund investors that their data may have been exposed due to a cybersecurity incident at its outside counsel, Fried Frank, which says it contained the incident, engaged external experts, and notified law enforcement while continuing operations. A proposed class action was filed against the law firm, and although no ransomware or extortion group has claimed responsibility or leaked data, commentary suggests a possible ransom payment; the scope of affected clients and data remains unclear, and Goldman states its own systems were not impacted.