Truist Bank, one of the largest banks in the US, is facing a lawsuit over a data breach that exposed sensitive information of its customers.
The Breach
In October, hackers compromised Truist Bank’s security systems and obtained data from 65,000 account holders, including:
- Full names
- Account numbers
- Transaction history
- Balances
Allegations of Negligence
The lawsuit alleges that Truist Bank failed to properly protect its customers’ data, making the breach “foreseeable and preventable.” It claims the bank:
- Failed to encrypt or secure equipment containing personal information
- Did not have adequate measures in place to prevent unauthorized access
Potential Consequences
The breach has put customers at risk of:
- Fraud
- Identity theft
- Out-of-pocket costs for credit monitoring and other protective measures
Legal Action
The lawsuit seeks:
- An injunction requiring Truist Bank to improve its cybersecurity
- Punitive damages
- Litigation costs
Truist Bank’s Response
Truist Bank has confirmed the breach and stated that a limited number of customers were affected. The bank is investigating the incident and taking steps to enhance its security measures.
