4.2M Consumers Affected in Ally Financial Data Breach Class Action

WikiMedia | Published: February 25, 2025

Claim Form Deadline: Pending

Payout: Pending

Proof required: N/A

What's the Ally Financial Data Breach Class Action?

In April 2024, Ally Financial was rocked by a data breach that compromised the personally identifiable information (PII) of over 4.2 million customers. The breach exposed sensitive data such as Social Security numbers, dates of birth, and auto account numbers, raising serious concerns about Ally Bank's data security protocols. Now, affected customers have a potential recourse through a class action lawsuit.

Rising Number of Data Breaches

The frequency and severity of data breaches have been on the rise. In 2023, cybersecurity incidents were already making headlines, but 2024 saw a marked increase in both the number and sophistication of attacks. Now, in 2025, organizations are facing even more relentless and targeted breaches. Cybercriminals are continually evolving their methods, leveraging advanced technologies to exploit vulnerabilities that were once considered secure.

What Does it Mean Now That Even Banks Are Leaking Consumer Data?

The rising trend of data breaches is particularly alarming when it comes to financial institutions. Banks are traditionally seen as fortresses of security due to the sensitive nature of the data they handle. Yet, even these institutions are not immune. The fact that banks—entities with significant resources and stringent security measures—are experiencing breaches highlights the broader systemic challenges in cybersecurity today. This trend not only undermines consumer trust but also exposes millions to the risk of financial fraud and identity theft.

The increasing number of data breaches is a wake-up call for all sectors. Organizations must invest more in robust cybersecurity measures, continuous monitoring, and rapid incident response protocols. For consumers, the rising frequency of breaches means it's more important than ever to take steps such as to protect personal information, monitor financial activity, and take proactive steps like freezing credit when necessary.

Over the last ten years, data breaches have become more frequent and severe. In 2015, the healthcare sector experienced a significant breach, with over 112 million records exposed. This number was surpassed in 2023, which saw an unprecedented 168 million healthcare records compromised, including 26 breaches each affecting over 1 million individuals. The trend continued into 2024, with more than 275 million healthcare records breached, highlighted by a massive ransomware attack on Change Healthcare that affected approximately 190 million individuals.

The banking industry, a custodian of highly sensitive financial information, has not been immune to these breaches. The average cost of a data breach in the financial sector reached $4.88 million in 2024, reflecting a 9.2% increase from the previous year. The exposure of personal identifiable information (PII) in these breaches poses significant risks, including identity theft and financial fraud. Below is the number of data breaches resported year over year in the United States

Data Breach Settlements

Sources:
[1] Statista
[2] IBM

What is the Total Ally Bank Data Breach Settlement?

At this time, there is no confirmed total settlement amount for the Ally Financial data breach class action. The lawsuit is still ongoing, and any settlement figure will be subject to negotiations, court proceedings, and final approval. Please keep an eye on this page for updates.

Who Is Eligible?

If you were an Ally Financial customer at the time of the breach and have received a notification regarding the incident, you may be eligible to join the class action. The lawsuit targets customers whose PII was compromised during the breach, and being part of this class could offer a path to compensation for any damages suffered as a result.

How Do I File a Claim?

While the official claims process has not yet launched, here is how you can prepare to join the class action once it becomes available:

• Monitor Official Communications: Keep a close watch on your email, postal mail, or account notifications from Ally Financial. These communications will contain important instructions about the claims process once the class action is certified.

• Stay Updated on Legal Platforms: Websites like openclassactions.com and Justia are reliable sources for the latest news and updates on this lawsuit. These platforms will provide guidance on when and how to file your claim.

• Check Updates: The case is actively progressing in the U.S. District Court for the Western District of North Carolina. By monitoring docket entries here on OpenClassActions.com you can stay informed about key developments that may signal the opening of the claims portal.

When Will the Ally Data Breach Settlement Site Be Up?

Tracking the Claims Process At this moment, there isn't a dedicated website available to file a claim for the Ally Financial data breach class action. However, this is expected to change soon. Bookmark this page for now and check back regularly for updates for when and if the Ally Financial data breach class action settlement website will be up and accepting claim forms.

Class Actions: Find Settlements

More Data Breaches

How Do I Find Class Action Settlements?

Find all the latest class actions you can qualify for by getting notified of new lawsuits as soon as they are open to claims:

Filing Class Action Settlement Claims

Please note that your claim form will be rejected if you submit a settlement claim for payout with any fraudulent information. By providing this information and your sworn statement of its veracity, you agree to do so under the penalty of perjury. You would also be harming others that actually qualify for the class action settlement. If you are not sure whether or not you qualify for this class action settlement, visit the class action administrator's website below. OpenClassActions.com is only providing information and is not a class action administrator or a law firm. OpenClassActions is a participant in the Amazon affiliate advertising program and this post may contain affiliate links, which means we may earn a commission or fees if you make a purchase via those links.

For more class actions keep scrolling below.