KeyBank Overby Data Breach Class Action
Photo Credit: Unsplash | Updated: October 24, 2024
Claim Form Deadline: Ongoing
Estimated Payout: Varies
Proof required: Yes
What's This About?
KeyBank, a regional bank based out of Cleveland, Ohio, reported a data breach that affected personally identifiable information (PII) of its customers, specifically its home mortgage customers. Overby-Seawell Company (OSC) and KeyBank have reached a $6 million settlement in a proposed class action lawsuit stemming from a July 2022 data breach. This breach exposed the sensitive information of hundreds of thousands of mortgage customers, leading to legal action. The settlement aims to compensate affected individuals for the compromised data:• Social Security Numbers,
• Mortgage Property Addresses,
• Mortgage Account Data, such as Account Numbers,
• Home Insurance Policy Information,
• Property Information,
• Full Names of Individuals,
• Personal Phone Numbers
How Do I Qualify?
If you received notice that your information may have been compromised in the KeyBank Data Breach you may be entitled to compensation. The class action is closed to new claims at this time.Bank data breaches and KeyBank
KeyBank is a large regional bank based in Cleveland, Ohio and is spread throughout 16 states in total, employing 17,000 people and operating with close to an estimated $200 Billion in assets. KeyBank found out about the data breach on August 4, 2022. Hackers targeted the computer network of insurance services provider Overby-Seawell in order to access mortgage customer data, similar to how a data breach was reported to have been executed against certain Fulton Bank customers. Fulton Bank is another regional bank that was affected by a data breach and operates in Pennsylvania, Virginia, Delaware, New Jersey, and Maryland.Key Bank customer data may have been compromised in a malicious third party data breach of Fulton Bank mortgage customer data. These customers were notified after the data breach occurred on August 30, 2022.
Data breaches that occur to financial firms or banking institutions are extremely serious concerns. The risk to financial harm can be a significant risk that requires time and effort, as well as pain, financial hardship, and emotional distress on the part of the victim whom personally identifiable information was breached. The victim may have to spend an inordinate amount of time and effort proving they are who they say they are to access their funds without completely disrupting their lives. The Key Bank data breach investigation is closed to new claims.
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