Posted On March 9, 2022 Consumer Privacy & Data Breaches
March 9, 2022 – Recently, Central Bank announced that the company recently experienced a data security incident resulting in the sensitive information of certain customers, shareholders and employees being compromised. It is essential those who receive a data breach notification from Central Bank understand what is at risk. The data breach lawyers at Console & Associates, P.C. are actively investigating the Central Bank data breach. As a part of our investigation, we are providing free consultations to anyone affected by the breach who is interested in learning more about the risks of identity theft, what they can do to protect themselves, and what their legal options may be to obtain compensation from Central Bank.
In 2021, there were 1,862 data breaches affecting more than 189,000,000 individuals. Victims of identity theft spend, on average, 200 hours and more than $1,300 recovering their identity. Many of these victims also suffer credit damage, emotional distress, and may even end up with a criminal record. Taking immediate action is the best way to prevent the worst consequences of a data breach.
According to an official filing by the company, Central Bank recently learned that an unauthorized party gained access to certain files on its computer network. Upon learning about the incident, Central Bank began an investigation to learn more about its causes and whether any sensitive consumer information was compromised as a result. Ultimately, on February 15, 2022, the company learned that an unauthorized party was able to access certain consumer data on December 27, 2021.
Upon learning of the extent of the security breach, Central Bank then reviewed the affected files to determine what information was compromised. While the compromised information varies by consumer, it may include individuals’ names, Social Security numbers, and financial account numbers. The affected parties include certain customers, shareholders, employees as well as other individuals whose information was included on applications for loans or business accounts.
On March 8, 2022, Central Bank began sending out data breach notification letters to all individuals whose information was compromised as a result of the recent data security incident. The Central Bank data breach is believed to have affected as many as 4,747 individuals.
Central Bank is a full-service bank located in Tampa, Florida. The bank was founded in 2007 and caters to the varying needs of individuals and small businesses. Central Bank operates three locations in Tampa, Winter Park and St. Augustine. The bank provides a wide range of traditional banking products such as checking and savings accounts, certificates of deposit, home mortgage and refinance options, as well as business checking and savings accounts. Additionally, Central Bank offers SBA/USDA loans.
When you allowed Central Bank access to your personal data, you trusted the company to keep your sensitive information safe. However, news of the Central Bank data breach raises some very serious questions about the company’s data security measures and whether the company could have done more to prevent this type of cyber-attack.
Regardless of the industry, all businesses have a legal obligation to protect consumer information in their possession. Although creating and maintaining a data security system is costly, this is a necessary expense given the frequency with which cyberattacks occur.
Consumers whose personal, identifying, financial or healthcare-related data was compromised in a data breach can pursue legal action against a company that misused or mishandled their information. However, the investigation into the Central Bank breach is only in its beginning phases. For that reason, it is too early to tell if Central Bank was legally responsible for the breach. However, our data breach attorneys are investigating the Central Bank security breach to determine the potential legal remedies of those affected.
If you have questions about your ability to pursue a data breach class action lawsuit against Central Bank, contact a data breach attorney as soon as possible.
If you receive a data breach notification from Central Bank in the coming weeks, it means your personal data was among that which was compromised in the recent cyberattack. It also means a cybercriminal may have had access to—and may have stolen—your personal data. Given the risks involved, it is important you remain vigilant by taking the following steps:
At Console & Associates, P.C., our consumer privacy lawyers monitor all security and data breaches to help affected consumers pursue their legal remedies. We offer free consultations to victims of data breaches and can explain your rights in clear, understandable terms so you can make an informed decision about how to proceed with your case. If you’ve been affected by the Central Bank data breach or any other data security incident, Console & Associates, P.C., will investigate your case at no charge and offer you thorough advice about how to most effectively proceed with your case. If you decide to bring a case, we only get paid if you do. If your claim is successful, any legal fees are either paid by the defendant or come out of the funds recovered from the defendant. If your claim doesn’t result in a recovery, you will pay nothing.