Menu

  • Alerts
  • Incidents
  • News
  • APTs
  • Cyber Decoded
  • Cyber Hygiene
  • Cyber Review
  • Cyber Tips
  • Definitions
  • Malware
  • Threat Actors
  • Tutorials

Useful Tools

  • Password generator
  • Report an incident
  • Report to authorities
No Result
View All Result
CTF Hack Havoc
CyberMaterial
  • Education
    • Cyber Decoded
    • Definitions
  • Information
    • Alerts
    • Incidents
    • News
  • Insights
    • Cyber Hygiene
    • Cyber Review
    • Tips
    • Tutorials
  • Support
    • Contact Us
    • Report an incident
  • About
    • About Us
    • Advertise with us
Get Help
Hall of Hacks
  • Education
    • Cyber Decoded
    • Definitions
  • Information
    • Alerts
    • Incidents
    • News
  • Insights
    • Cyber Hygiene
    • Cyber Review
    • Tips
    • Tutorials
  • Support
    • Contact Us
    • Report an incident
  • About
    • About Us
    • Advertise with us
Get Help
No Result
View All Result
Hall of Hacks
CyberMaterial
No Result
View All Result
Home News

Bank Data Breach Settlement Finalized

June 7, 2024
Reading Time: 3 mins read
in News
Bank Data Breach Settlement Finalized

Guardian Analytics Inc. and Webster Bank N.A. have settled a data breach lawsuit for over $1.4 million, stemming from a 2022 incident compromising 192,000 individuals’ data. The settlement, recently approved in federal court, addresses allegations of insufficient protection of sensitive customer information. Plaintiffs claimed both companies failed to implement adequate security measures, leaving personal details vulnerable to theft.

During the breach, unauthorized access to Guardian Analytics’ network systems between November 27, 2022, and January 26, 2023, led to the exposure of plaintiffs’ personally identifiable information (PII). Allegations against the defendants, Guardian Analytics and Webster Bank, centered on their purported failure to maintain robust security measures, resulting in significant risks of identity theft and financial losses for affected individuals.

The settlement agreement offers reimbursement for monetary losses incurred by affected individuals, covering direct financial losses up to $5,000 and ordinary losses up to $250. Additionally, compensation is provided for the time spent by plaintiffs in addressing the breach aftermath, reflecting a commitment to address the damages suffered by the class action plaintiffs. Individual plaintiffs representing the class action lawsuit underscored the range of damages experienced, emphasizing financial losses and the extensive time spent rectifying the breach’s consequences.

This settlement underscores the critical importance of robust data security practices in safeguarding sensitive customer information. Both Guardian Analytics and Webster Bank have affirmed their dedication to enhancing security protocols to prevent similar incidents in the future, highlighting the ongoing battle against cyber threats in an increasingly digital landscape.

Reference:
  • Guardian Analytics and Webster Bank Settle $1.4M Data Breach
Tags: BankCyber NewsCyber News 2024Cyber threatsCybersecurityGuardian AnalyticsJune 2024Webster Bank
ADVERTISEMENT

Related Posts

New CISA SIEM and SOAR Cyber Guide Released

New CISA SIEM and SOAR Cyber Guide Released

May 28, 2025
New CISA SIEM and SOAR Cyber Guide Released

Iranian Pleaded Guilty in Robbinhood Case

May 28, 2025
New CISA SIEM and SOAR Cyber Guide Released

Vietnam Cites Security For Telegram Ban

May 28, 2025
Banking Groups Urge SEC To Repeal Cyber Rule

Banking Groups Urge SEC To Repeal Cyber Rule

May 27, 2025
Banking Groups Urge SEC To Repeal Cyber Rule

Microsoft Launched Regional Cyber Initiative

May 27, 2025
Banking Groups Urge SEC To Repeal Cyber Rule

Red Hat announced a new collaboration with AMD

May 27, 2025

Latest Alerts

Microsoft Void Blizzard Cyber Threat Alert

Fake DocuSign Alerts Target Corporate Logins

Fake Bitdefender Site Spreads Venom Malware

FBI Warns Luna Moth Targets US Law Firms

Winos 4.0 Malware Spread Via Fake Installers

GhostSpy Android Malware Full Device Control

Subscribe to our newsletter

    Latest Incidents

    Migos IG Hack Blackmails Solana Cofounder

    Tiffany & Co. Faces Data Breach Incident

    MathWorks Crippled by Ransomware Attack

    Everest Ransomware Leaks Coke Staff Data

    Adidas Data Breach Exposes Customer Contacts

    Semiconductor Firm AXT Hit by Data Breach

    CyberMaterial Logo
    • About Us
    • Contact Us
    • Jobs
    • Legal and Privacy Policy
    • Site Map

    © 2025 | CyberMaterial | All rights reserved

    Welcome Back!

    Login to your account below

    Forgotten Password?

    Retrieve your password

    Please enter your username or email address to reset your password.

    Log In

    Add New Playlist

    No Result
    View All Result
    • Alerts
    • Incidents
    • News
    • Cyber Decoded
    • Cyber Hygiene
    • Cyber Review
    • Definitions
    • Malware
    • Cyber Tips
    • Tutorials
    • Advanced Persistent Threats
    • Threat Actors
    • Report an incident
    • Password Generator
    • About Us
    • Contact Us
    • Advertise with us

    Copyright © 2025 CyberMaterial