Patelco Credit Union, which is trying to recover its banking systems from a ransomware attack, is now the target of two class-action lawsuits because of the data breach and possible exposure of personal information.
The lawsuits were filed on July 1 and July 3 on behalf of two Patelco customers and others 'similarly situated.' They both allege the Dublin-based credit union has not safeguarded customers' personal information such as account numbers, Social Security numbers, and addresses from the data breach.
However, the company has not said whether any of its 450,000 customers have had any personal identifying information exposed in the data breach, nor has it identified the source of the ransomware attack. Such attacks involve hackers encrypting files and demanding ransom to decrypt them, and when no ransom is paid hackers follow through on threats to expose personal information, such as what happened to City of Oakland employees following a ransomware attack last year.
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