Class Action Filed Against Capital One Over Data Breach
Capital One has been hit with a class-action lawsuit, just day after it revealed a data breach that affects 100 million customers. A complaint from the law firm of Morgan and Morgan was filed with the United States District Court for the Eastern District of Virginia on behalf of the consumers affected by the breach.
The lawsuit alleges that Capital One failed to take “reasonable care” to secure sensitive information belonging to its customers. Information dating back as far as 2005 was compromised. Customer data accessed by the hacker includes full names, physical addresses with full ZIP and postal codes, phone numbers, email addresses, dates of birth and self-reported income. This is information that is typically requested on credit card applications. Capital One said that credit scores, credit limits, account balances, payment history and contact information was also stolen.
Here’s what Morgan and Morgan attorney John Yanchunis said, as per Forbes:
Capital One knew the risks of a security breach and, we allege, did not take the proper steps to protect the personal information applicants and customers trusted the company to safeguard. You’d think with one data breach after another, companies would wise up and take responsibility for the data it collects from consumers, but unfortunately, they continue to shirk that responsibility.
The same firm, Morgan and Morgan, was involved in cases against Equifax that resulted in a $700 million settlement and was the lead counsel in a case against Yahoo that netted a $117,500,000 settlement.