Truist Bank Data Breach: Customers’ Data Exposed

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.