Class Action: 1.5 Million Customers Affected by Suntrust Bank Data Breach

A Suntrust Bank data breach is the subject of a class action complaint after an insider reportedly stole personal records of approximately 1.5 million customers. Customers who had financial accounts with Suntrust Bank from January 1, 2018 through May 1, 2018 may be able to seek compensation with the help of a data breach lawsuit attorney.

If you suspect that your personal information may have been compromised as a result of a potential Suntrust Bank data breach, contact Attorney Group to learn more. We provide free, confidential and no-obligation consultations. We can help answer your questions, and if you have a claim we can connect you with an affiliated attorney who can assist you throughout the legal process.

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Suntrust Allegedly Failed to Notify Customers for Almost Two Months

Suntrust Bank, Inc., an American bank holding company that provides corporate and investment banking, capital market services, mortgage banking, and wealth management, has acknowledged that approximately 1.5 million customers’ personal information has been compromised.

According to a class action complaint filed in May 2018, Suntrust Bank failed “to prevent the compromise” of personal information and also “failed to notify its customers when the compromise was detected in February of 2018.” The data breach was made public on April 20, 2018, nearly two months after Suntrust Bank had reportedly discovered the breach.

An additional report issued by the Wall Street Journal indicates that an employee may have accessed and stole the information to sell to third-party criminals. Personal information reportedly accessed may include the names, addresses, phone numbers and account balances of over a million financial customers.

Suntrust Bank has reportedly begun contacting customers whose information may have been accessed as a result of the potential data breach. In addition, the bank plans to provide free identity protection to all customers even if their accounts were not part of the compromise.

Consumers Affected by a Suntrust Bank Data Breach May Be Entitled to Compensation

Data breaches can possibly lead to serious problems for those affected, including the loss of personal, financial or health information. When financial information is wrongfully accessed, victims could be required to pay fees for monitoring their credit to ensure their credit score isn’t negatively impacted from the violation. In some cases, data breach victims may need to make sure they don’t become a victim of identity theft and may also have to pay to receive a credit report to check on fraudulent charges.

Victims of data breaches may be entitled to receive compensation for any personal information that may have been compromised, and the responsible party may be liable for financial losses resulting from a data breach. Affected consumers should seek legal counsel from a Suntrust Bank data breach lawsuit attorney to get more information about their rights and remedies.

The Time You Have to Pursue a Claim is Limited. Contact Us Today.

For more information, contact Attorney Group. After you contact us, an attorney will follow up to answer questions that you might have. There is no cost or obligation to speak with us, and any information you provide will be kept confidential.

Please note that the law limits the time you have to pursue a claim or file a lawsuit for an injury. If you think you have a case, you should not delay taking action.