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Bank of America and Ernst & Young To Hand Out $2,500,000 To Settle Accusations of Failing To Protect Customers From MOVEit Data Breach

By Henry Kanapi at 2026-09-27 18:29

Sentiment: Negative

Ernst & Young and Bank of America have agreed to pay $2.5 million to settle a class-action lawsuit stemming from a 2023 data breach involving the MOVEit file transfer service. The settlement resolves allegations that the companies failed to adequately protect consumers’ personal information after a vulnerability in MOVEit Transfer was exploited. The security incident […] The post Bank of America and Ernst & Young To Hand Out $2,500,000 To Settle Accusations of Failing To Protect Customers From MOVEit Data Breach appeared first on The Daily Hodl. Continue reading...

Categories: Settlements

Tags: #Settlements #bank of america #Ernst & Young #News #settlement

Source The Daily Hodl