Billion-Dollar Bank Exposes Customers’ Full Names, Account Numbers, Dates of Birth and More in ‘Foreseeable and Preventable’ Data Breach: Class-Action Allegations
A North Carolina-based bank is facing a proposed class-action lawsuit over a data breach that has allegedly placed customers at serious risk of fraud and identity theft.
The plaintiff accuses Truist Bank of failing to secure and safeguard its customers’ sensitive information properly, following a security incident that exposed confidential data of account holders
A few weeks ago, Truist Bank confirmed that its security systems were compromised in October after a notorious hacker claimed that it was selling data from the bank containing 65,000 account holders’ names, bank account numbers, transaction history and balances for a fee of $1 million.
The bank said an unspecified but limited number of clients were affected.
The lawsuit alleges that Truist Bank was negligent and the attack was “foreseeable and preventable,” saying the lender “intentionally, willfully, recklessly” failed to establish adequate measures to protect its systems against unauthorized access.
“Defendant could have prevented this Data Breach by, among other things, properly encrypting or otherwise protecting their equipment and computer files containing PII (personally identifying information).”