SouthState Bank, a major US financial institution with assets exceeding $45 billion, is currently facing a proposed class action lawsuit over allegations of a severe data breach that compromised its customers’ sensitive personal information.

According to court filings, the lawsuit is being led by Latonya Gore in Florida and revolves around a data breach that occurred in February 2024. During the breach, the bank’s clients’ full names, financial account numbers, and Social Security numbers were compromised.

The lawsuit accuses SouthState Bank of negligence for failing to adequately protect its data systems from unauthorized intrusions. It further claims that the bank did not take the necessary steps to prevent the breach and failed to promptly and accurately notify its customers about the incident.

The plaintiffs argue that hackers have already exploited the leaked personal information for identity theft and express concerns about the potential for further crimes, such as opening unauthorized bank accounts, obtaining loans, or acquiring fake driver’s licenses in the victims’ names.

While SouthState Bank reportedly sent a letter to its customers regarding the breach, the plaintiffs contend that it omitted crucial information. The lawsuit states, “Despite the defendant’s deliberate lack of transparency regarding the root cause of this incident, several facts can be deduced from the notice letter, including: a) the data breach was carried out by cybercriminals; b) the cybercriminals infiltrated the bank’s networks and systems and downloaded data; and c) the cybercriminals specifically targeted Social Security numbers, including those of the plaintiffs and the class members, for theft.”

The plaintiffs are seeking damages, which include the ongoing need to monitor their financial and personal records for an extended period. The lawsuit emphasizes the potential long-term consequences of the breach.

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