MJP –
Reportedly, US banks are now informing consumers when a data breach occurs that involves “extremely sensitive” data and information.
Notified the Maine Attorney General’s Office of the possible vulnerability of their customers’ personally identifiable data, two large U.S. banks—TD Bank and Summit National Bank—have taken legal action.
Notifications were sent out by the banks to their clients regarding these possible data breaches that happened during the third quarter of 2023 and the second quarter of 2024.
According to Wyoming’s Summit National Bank, which first noticed unusual behavior in May, a data breach took place between May 13 and May 16.
This incident has impacted 10,912 people, according to the bank. Personal information such as names, SSNs, and bank account details “could have been subject to unauthorized access,” according to a letter sent out by Summit National Bank to customers who were affected.
Coincidentally, an insider was responsible for a data breach that impacted 41 of TD Bank’s clients; the bank has informed the Maine Attorney General’s Office of this.
According to TD Bank’s notification to impacted clients, the incident occurred several months earlier but was only identified on July 16th.
SEE MORE –
Can’t Handle Now! Drinkware Giant Faces Financial Collapse in Surprising Bankruptcy Move
Some of your personal information may have been accessed inappropriately by one of our employees without a valid business reason between September 2023 and March 2024. This was just recently brought to our attention.
As bad as this news is, please know that our deepest apologies.
TD Bank has stated that sensitive customer information, including names, addresses, SSNs, birthdays, debit card numbers, expiration dates, and security codes, may have been compromised.
Also, TD Bank has set aside more than $3 billion to pay fines associated with ongoing AML investigations around the world.
One of these provisions was made in April to the tune of $450 million.
