Bank Settles $31.5M Data Breach Lawsuit Affecting Over 2 Million Customers
Bank Settles $31.5M Data Breach Lawsuit Affecting Over 2 Million Customers
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Flagstar Bank, a prominent U.S. financial institution, has agreed to a substantial $31.5 million settlement in a class-action lawsuit. This resolution addresses two data breaches that compromised the personal information of over 2.18 million Americans, with eligible victims potentially receiving up to $25,000 each.
A top US bank is preparing to handout up to $25,000 per victim of two data breaches to settle a class-action lawsuit. Flagstar Bank, N.A., has agreed to a proposed $31.5 million settlement to compensate the 2.18 million Americans whose personal information was comprised in data breaches that occurred more than four years ago. Flagstar […]