Data Breach Lawsuit Claims SouthState Bank Failed to Protect Customer Info from Hackers

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SouthState Bank has been hit with a proposed class action over a February 2024 data breach that exposed the personal information of current and former customers.

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According to the 84-page SouthState Bank data breach lawsuit, an unauthorized third party gained access to certain folders in the bank’s network on February 7 of this year. The suit relays that the cyberattack compromised individuals’ full names, financial account numbers and Social Security numbers.

The Florida-based bank, which also has branches in Alabama, Georgia, North Carolina, South Carolina and Virginia, is accused of negligently failing to implement proper cybersecurity protocols to protect the sensitive customer data in its care, the case claims. As the complaint tells it, the private information was apparently stored unencrypted and “in a dangerous condition” in the bank’s network.

The filing alleges that thanks to SouthState Bank’s negligence, victims like the plaintiff—a customer residing in South Carolina—are now at an “imminent risk” of being targeted for cybercrimes such as identity theft and fraud.

“[The plaintiff] and Class Members now face years of constant surveillance of their financial and personal records, monitoring, and loss of rights,” the data breach lawsuit charges. “The Class is incurring and will continue to incur such damages in addition to any fraudulent use of their [personally identifiable information].”

The case contends that given the frequency of data breaches in the financial industry in recent years, the defendant should have taken commensurate measures to secure its computer systems against the known threat of intrusion.

The lawsuit looks to represent anyone in the United States whose private information was accessed and/or acquired by an unauthorized third party as a result of the data breach reported by SouthState Bank in March 2024.

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