Wells Fargo is facing a class action lawsuit over a massive data breach that allegedly exposed thousands of customers’ personal information.
What Happened?
The lawsuit claims that Wells Fargo suffered a “preventable hack” where an insider at the bank accessed and used customer data to commit fraud between May 2022 and March 2023. The stolen information included names, addresses, dates of birth, phone numbers, email addresses, social security numbers, driver’s license numbers, bank account numbers, credit/debit card numbers, brokerage account numbers, and loan/line of credit numbers.
Customer Impact
One of the plaintiffs, Tamra Bacon, says the breach has caused her significant stress and anxiety, and she anticipates spending a lot of time and money to protect herself from identity theft and fraud.
Lawsuit Claims
The lawsuit accuses Wells Fargo of lax security measures, leading to the “preventable hack.” It claims that the bank failed to adequately protect customer data, leaving it vulnerable to unauthorized access.
The lawsuit is seeking compensation for the affected customers and aims to hold Wells Fargo accountable for the breach.
Wells Fargo’s Response
Wells Fargo has confirmed the breach and sent letters to affected customers. However, the bank has not publicly commented on the lawsuit or the allegations of lax security.
What’s Next?
The lawsuit is still in its early stages, and it remains to be seen how Wells Fargo will respond. The outcome of the case could have significant implications for the bank and the way it handles customer data security.
