DataBreaches.Net

Menu
  • About
  • Breach Notification Laws
  • Privacy Policy
  • Transparency Report
Menu

Scottrade Faces Consolidated Data Breach Class Action Lawsuit

Posted on February 23, 2016 by Dissent

There’s an update to the Scottrade breach previously reported on this blog.  The breach, potentially impacting 4.6M customers, was disclosed in October 2015 but had reportedly occurred between late 2013 and early 2014.  Three individuals were indicted in November, 2015.

Now Top Class Actions reports that a consolidated data breach class action lawsuit was filed in Missouri federal court last week.

“Scottrade’s cybersecurity measures were so deficient that it never realized the massive theft occurred until two years later, when federal authorities told them about it,” the Scottrade class action lawsuit states. The hackers allegedly accessed the personal identification information (PII) of Scottrade customers from September 2013 to February 2014 without detection from Scottrade, which the plaintiffs call an “inexcusable failure of Scottrade’s obligation to take reasonable steps to safeguard this information.”

[…]

The consolidated Scottrade class action lawsuit was filed on Feb. 19 by plaintiffs Andrew Duqum, Stephen Hine, Matthew Kuhns and Richard Obringer. Hine filed a separate data breach class action lawsuit in California, but Scottrade argued in December that it should be consolidated with a nearly identical case that was already pending in Missouri.

Read more on Top Class Actions.

Category: Breach IncidentsFinancial SectorHack

Post navigation

← ASUS Settles FTC Charges That Insecure Home Routers and “Cloud” Services Put Consumers’ Privacy At Risk
MasterCard Set for Global ‘Pay-by-Selfie’ Launch →

Now more than ever

"Stand with Ukraine:" above raised hands. The illustration is in blue and yellow, the colors of Ukraine's flag.

Search

Browse by Categories

Recent Posts

  • Ireland’s Data Protection Commission publishes 2024 Annual Report
  • The headlines suggested Freedman Healthcare suffered a ransomware attack that affected patient data. The reality was quite different.
  • Runsafe report: Medical device cyberattacks threaten patient care, strain budgets, top concern for healthcare sector
  • Ryuk ransomware’s initial access expert extradited to the U.S. from Ukraine
  • Alleged Geisinger hacker will defend himself pro se.
  • Tallahassee Memorial Healthcare reveals it was also impacted by Cerner/Legacy Oracle cyberattack
  • Hospital cyberattack investigation complete, no formal review needed (1)
  • Largest Ever Seizure of Funds Related to Crypto Confidence Scams
  • IMPACT: 170 patients harmed as a result of Qilin’s ransomware attack on NHS vendor Synnovis
  • DOJ’s Data Security Program: Key Compliance Considerations for Impacted Entities

No, You Can’t Buy a Post or an Interview

This site does not accept sponsored posts or link-back arrangements. Inquiries about either are ignored.

And despite what some trolls may try to claim: DataBreaches has never accepted even one dime to interview or report on anyone. Nor will DataBreaches ever pay anyone for data or to interview them.

Want to Get Our RSS Feed?

Grab it here:

https://databreaches.net/feed/

RSS Recent Posts on PogoWasRight.org

  • US Judge Invalidates Biden Rule Protecting Privacy for Abortions
  • DOJ’s Data Security Program: Key Compliance Considerations for Impacted Entities
  • 23andMe fined £2.31 million for failing to protect UK users’ genetic data
  • DOJ Seeks More Time on Tower Dumps
  • Your household smart products must respect your privacy – including your air fryer
  • Vermont signs Kids Code into law, faces legal challenges
  • Data Categories and Surveillance Pricing: Ferguson’s Nuanced Approach to Privacy Innovation

Have a News Tip?

Email: Tips[at]DataBreaches.net

Signal: +1 516-776-7756

Contact Me

Email: info[at]databreaches.net

Mastodon: Infosec.Exchange/@PogoWasRight

Signal: +1 516-776-7756

DMCA Concern: dmca[at]databreaches.net
© 2009 – 2025 DataBreaches.net and DataBreaches LLC. All rights reserved.