Posted On March 4, 2022 Consumer Privacy & Data Breaches
March 4, 2022 – Recently, First Guaranty Bank filed official documents confirming that certain consumer information was compromised as a result of a data security incident. Those impacted by a data breach should be sure they understand what happened, what their rights are, and how they can pursue them. The data breach lawyers at Console & Associates, P.C. are actively investigating this security breach. As a part of the investigative process, our attorneys will be interviewing any victims of the breach to determine what harm was caused and whether they are eligible to bring a data breach class action lawsuit against First Guaranty Bank.
According to the information posted on one state Attorney General’s website, First Guaranty Bank recently filed official notice of a data breach. Details about the breach are still forthcoming, however, at this early juncture, it appears as though the compromised information may include affected parties’ names, Social Security numbers, driver’s license numbers, and financial account information.
On March 3, 2022, First Guaranty Bank began sending out data breach notification letters to all individuals whose information was contained in the affected files.
First Guaranty Bank is a bank based in Hammond, Louisiana. The bank was founded in 1934 and is a subsidiary of First Guaranty Bancshares, Inc., a bank holding company. First Guaranty Bank has more than 20 branches across Louisiana and Texas and offers clients a full complement of banking-related services, including personal and business checking and savings accounts, certificates of deposit, individual retirement accounts, credit cards, and a range of home mortgages and refinance options.
When you allowed First Guaranty Bank access to your personal data, you trusted the company to keep your sensitive information safe. However, news of the First Guaranty 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 First Guaranty Bank breach is only in its beginning phases. For that reason, it is too early to tell if First Guaranty Bank was legally responsible for the breach. However, our data breach attorneys are investigating the First Guaranty 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 First Guaranty Bank, contact a data breach attorney as soon as possible.
If you receive a data breach notification from First Guaranty 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 First Guaranty 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.