Massive Data Breach Leads to Class Action Lawsuit Against Billion-Dollar Bank

Negligence Alleged

SouthState Bank, a financial institution with over $45 billion in assets, is facing a class action lawsuit for allegedly failing to protect its customers’ sensitive personal information. The lawsuit, filed by plaintiff Latonya Gore in Florida, alleges that a February 2024 data breach compromised the names, financial account numbers, and Social Security numbers of the bank’s clients.

The plaintiffs claim that SouthState failed to take adequate measures to secure its data systems, allowing hackers to infiltrate the networks and steal the information. They also allege that the bank failed to promptly notify customers of the breach and provide sufficient details about the incident.

Identity Theft and Other Risks

The plaintiffs argue that the stolen information has already been used by hackers to commit identity theft. They also fear that the hackers could use the data to open bank accounts, take out loans, or obtain fake driver’s licenses in the victims’ names.

Damages Sought

The plaintiffs are seeking damages to compensate for the need to constantly monitor their financial and personal records, as well as for the emotional distress and potential financial losses caused by the breach.