EddieJayonCrypto

 29 Apr 24

tl;dr

A US bank, SouthState Bank, is facing a proposed class action lawsuit led by plaintiff Latonya Gore in Florida, over a February 2024 data breach. The breach compromised clients' full names, financial account numbers, and Social Security numbers. The lawsuit accuses the bank of negligently failing to...

A proposed class action lawsuit has been filed against SouthState Bank, alleging negligence in protecting customer data during a massive data breach in February 2024. The plaintiffs, led by Latonya Gore, claim that the bank's failure to safeguard personal information has led to identity theft risks and financial harm for customers.

The US bank, SouthState Bank, is facing a proposed class action lawsuit led by plaintiff Latonya Gore in Florida over a February 2024 data breach. The breach compromised clients' full names, financial account numbers, and Social Security numbers. The lawsuit accuses the bank of negligently failing to protect its data systems, inadequately preventing the breach, and providing insufficient notice to customers. Plaintiffs allege that hackers have used the stolen information for identity theft and pose a risk for further crimes. The lawsuit seeks damages for ongoing financial and personal record monitoring.

A US bank is facing a proposed class action lawsuit for allegedly failing to protect its customers' sensitive personal information and suffering a massive data breach. SouthState Bank, which has over $45 billion in assets, is being hit with a class action lawsuit led by plaintiff Latonya Gore in Florida, filings show. The suit concerns a February 2024 data breach that compromised the banks' clients' full names, financial account numbers, and Social Security numbers. SouthState is accused of negligently failing to take adequate and reasonable measures to ensure its data systems were protected against unauthorized intrusions, failing to take standard and reasonably available steps to prevent the breach, and failing to provide its customers prompt and accurate notice of the incident. The plaintiffs allege hackers have already used the personal information that was released in the breach to engage in identity theft. They also argue there remains a high risk that the hackers can commit other crimes like opening bank accounts, taking out loans, or obtaining fake driver's licenses in the victims' names.

While SouthState reportedly issued a letter to customers regarding the breach, the plaintiffs argue it left out virtually all the important information. Says the lawsuit, "Despite defendant's intentional opacity about the root cause of this incident, several facts may be gleaned from the notice letter, including: a) that this data breach was the work of cybercriminals; b) that the cybercriminals first infiltrated defendant's networks and systems, and downloaded data from the networks and systems, and c) that once inside defendant's networks and systems, the cybercriminals targeted information including plaintiff's and class members' Social Security numbers for download and theft." The plaintiffs are seeking damages, which include the need to constantly monitor their financial and personal records for years to come, the lawsuit says.

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Disclaimer

The opinions expressed by the writers at Grow My Bag are their own and do not reflect the official stance of Grow My Bag. The content provided on our site is not intended as investment advice, and Grow My Bag is not an investment advisor. We do not endorse buying or selling any cryptocurrencies or digital assets mentioned in our articles. High-risk investments in Bitcoin, cryptocurrencies, and digital assets require thorough due diligence, and all transfers and trades made are at your own risk. Grow My Bag is not responsible for any potential losses and participates in affiliate marketing.
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