In court documents, it was revealed that a dozen plaintiffs are suing Patelco Credit Union for negligence and breaches stemming from a massive ransomware attack this summer.
The ransomware attack, which began on June 29, resulted in a complete lockout of customer accounts, preventing online transactions and account access for weeks.
Lead attorneys for the plaintiff group indicated that the attack affected over a million people, raising significant concerns about consumer data protection and corporate responsibility.
Patelco's reported losses this fiscal year due to the cyberattack amounted to $39 million, showcasing the financial impact of the security breach on the organization.
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