Wells Fargo Customers’ Data Exposed, Used for Fraud in ‘Preventable Hack’, Alleges New Class Action Lawsuit
Wells Fargo is facing a class action lawsuit for allegedly failing to secure customers' personal data, leading to a "preventable hack". The breach, confirmed by the bank, involved an insider accessing sensitive information from May 2022 to March 2023. Affected data includes names, social security numbers, and bank account details. Lead plaintiff Tamra Bacon claims the incident has caused her financial distress and seeks relief for over 100 class members whose data was compromised and used for fraud.
Wells Fargo is facing a new class action lawsuit over the bank’s alleged failure to properly secure customers’ personally identifiable information.
The lawsuit, filed by lead plaintiff Tamra Bacon, alleges Wells Fargo has suffered a “preventable hack” that has exposed thousands of customers’ data.
Wells Fargo confirmed a breach last month, stating an insider at the bank accessed and used customers’ information to perpetrate fraud between May of 2022 and March of 2023.
In letter sent to customers posted on the Office of the Vermont Attorney General’s website, Wells Fargo says the stolen data includes names, addresses, dates of birth, phone numbers, email addresses, social security numbers, driver’s license numbers, bank account numbers, credit/debit card numbers, brokerage account numbers and loan/line of credit numbers.
Bacon says the incident has placed her in financial turmoil.
Wells Fargo has not publicly commented on the breach, which Bacon claims was due to lax security at America’s third-largest bank.
The complaint says there are currently more than 100 class members involved.
Bacon says class members are entitled to “injunctive and other equitable relief” as their data was compromised and in some cases used to commit fraud.
