Wells Fargo Customers’ Data Exposed, Used for Fraud in ‘Preventable Hack’, Alleges New Class Action Lawsuit

Wells Fargo is going through a brand new class motion lawsuit over the financial institution’s alleged failure to correctly safe prospects’ personally identifiable data.

The lawsuit, filed by lead plaintiff Tamra Bacon, alleges that Wells Fargo suffered a “preventable hack” that uncovered the information of hundreds of consumers.

Wells Fargo confirmed a breach final month, saying an insider on the financial institution accessed buyer data and used it to commit fraud between Could 2022 and March 2023.

Wells Fargo says the stolen knowledge included names, addresses, dates of start, cellphone numbers, e mail addresses, Social Safety numbers, driver’s license numbers, checking account numbers, credit score/debit card numbers, brokerage account numbers and mortgage/line of credit score numbers.

Bacon says the incident has left her in monetary turmoil.

“The information breach has triggered Plaintiff Tamra to undergo concern, anxiousness and stress, which has been exacerbated by the truth that the Defendant has nonetheless not totally knowledgeable her of key particulars surrounding the truth that the information breach has occurred.

On account of the information breach, plaintiff Tamra expects to proceed to spend vital money and time mitigating and addressing the harm attributable to the information breach.

On account of the information breach, plaintiff Tamra is at present danger and can proceed to be at elevated danger for identification theft and fraud for years to come back.”

Wells Fargo has not publicly commented on the breach, which Bacon mentioned was as a result of lax safety at America’s third-largest financial institution.

“Consultant plaintiff seeks to carry defendant chargeable for the hurt he has triggered and can proceed to trigger. Consultant and a minimum of hundreds of different equally located people are concerned within the preventable hack that Defendant allegedly found on or about July 2024, which allowed unauthorized actors entry. Defendant used inadequately secured community servers and accessed extremely delicate PII that went unprotected preserved.”

In keeping with the grievance, greater than 100 class members are presently concerned.

Bacon says class members are entitled to “injunctive and different equitable reduction” as a result of their knowledge has been compromised and in some instances used to commit fraud.

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