A Growing Wave of Cybersecurity Litigation
The case underscores rising tensions between consumers, financial institutions, and fintech providers as cyberattacks grow more sophisticated. Plaintiffs’ counsel argued that Finastra’s delay in notification, combined with unencrypted files and insufficient safeguards, left customers exposed long before they knew they were at risk.
If certified, the lawsuit could encompass thousands of banking customers across the United States who used Finastra-powered services through BofA and JPMorgan.
