Data Breach Lawsuit Claims Kingdom Trust Failed to Prevent Cyberattack Detected in March 2024

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A proposed class action lawsuit claims lax cybersecurity on the part of Kingdom Trust resulted in a “massive and preventable” data breach reportedly discovered in March 2024.

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The 36-page Kingdom Trust data breach lawsuit shares that the Las Vegas-based company, which provides financial services to businesses, detected in early March of this year that its network may have been accessed by an unauthorized third party. Per the case, a subsequent investigation determined that individuals’ names, Social Security numbers and possibly other personal information may have been copied from Kingdom Trust’s computer systems.

The data breach suit alleges that despite its legal obligation to protect the private information in its care, the company negligently failed to take proper cybersecurity measures to secure its network against unauthorized intrusion.

Kingdom Trust’s alleged negligence is exacerbated by frequent warnings and public announcements of cyberattacks in recent years, the complaint claims.

Moreover, the filing charges that the company’s notice letter was untimely and lacked crucial details about the incident. Although Kingdom Trust purports to have learned of the data breach as early as March 1, 2024, the defendant did not begin to notify victims until late August, nearly six months later, the class action lawsuit relays.

Per the suit, the notice letter did not explain how the incident occurred, where victims’ information has ended up and what steps are being taken to safeguard stored data in the future.

According to the case, the plaintiff, a Mississippi resident, received notice from Kingdom Trust in August 2024 informing him that his private data had been impacted by the breach. The man says the unauthorized disclosure of his sensitive information has caused him stress and anxiety, which has been “compounded by the fact that [the defendant] has still not fully informed him of key details about the data breach’s occurrence.”

The Kingdom Trust lawsuit looks to represent anyone in the United States whose personal information was exposed to unauthorized third parties as a result of the data breach discovered by the defendant on March 1, 2024.

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