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Home News

Prudential Financial Sued Over Data Breach

June 17, 2024
Reading Time: 2 mins read
in News
Prudential Financial Sued Over Data Breach

Constance Boyd has filed a class action lawsuit against Prudential Financial Inc. in a New Jersey federal court, accusing the company of failing to protect client data from a data breach. The breach, which occurred on February 4, 2024, exposed personal information of nearly 37,000 individuals. Boyd claims that Prudential Financial did not adequately safeguard this data, leaving it vulnerable to unauthorized access.

According to the lawsuit, Boyd was not informed of the breach until nearly four months after it occurred. She alleges that Prudential Financial’s failure to notify clients and disclose how the breach happened has left her and others at increased risk of identity theft and fraud. The company’s response, blaming a “cybercrime group” for the breach, has not provided clear details about the stolen data or the measures being taken to enhance data security.

Boyd argues that Prudential Financial had a duty to encrypt sensitive information and implement robust security practices to protect client data. The lawsuit asserts claims for negligence, breach of contract, and unjust enrichment, highlighting that the company’s lack of transparency and inadequate data protection practices have caused significant harm to clients.

The Prudential Financial lawsuit is part of a larger trend of class action suits against companies facing data breaches. Similar legal actions have been filed against other businesses, including AT&T and Golden Corral, reflecting growing concerns about data security and corporate responsibility in safeguarding personal information.

Reference:

  • Prudential Financial Hit with Lawsuit Over Data Breach
Tags: Constance BoydCyber NewsCyber News 2024Cyber threatsJune 2024lawsuitNew JerseyPrudential Financial
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