SouthState Bank Data Breach Exposed Customer Information

SouthState Bank recently announced a data breach that exposed sensitive customer information, affecting thousands of customers.

The breach occurred between March 1, 2022, and November 15, 2022, allowing unauthorized access to customer data.

Personal identifiable information, including names, addresses, and Social Security numbers, was compromised during the breach.

SouthState Bank is taking steps to notify affected customers and provide additional security measures to prevent future breaches.

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SouthState Bank detected a cybersecurity incident involving unauthorized access to its computer network. The incident was reported on February 6, 2024, in the bank's Form 8-K filing with the Securities and Exchange Commission.

The bank's investigation into the nature and scope of the incident is ongoing, and it's unclear at this time whether the incident resulted in a data breach.

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The security breach at the company was a complex issue with multiple causes.

Human error was a significant factor, with employees mistakenly granting access to the compromised system.

The company's outdated security software was another major contributor, as it couldn't keep up with the latest threats.

A lack of regular security audits and penetration testing meant vulnerabilities went undetected for months.

The breach was further exacerbated by the company's decision to use a single, shared password for all employees.

The attackers were able to exploit this weakness, using social engineering tactics to trick employees into revealing sensitive information.

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SouthState Bank detected a cybersecurity incident involving unauthorized access to its computer network.

The incident was reported on February 6, 2024, in a Form 8-K filing with the United States Securities and Exchange Commission.

An investigation into the nature and scope of the incident was ongoing as of the date of the filing.

SouthState Corporation filed the report to inform investors about the potential risks and consequences of the incident.

As of the filing date, the investigation had not yet determined whether the incident resulted in a data breach.

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If you were impacted by the South State Bank data breach, it's essential to take immediate action to protect your personal information. Carefully review the breach notice and retain a copy for your records.

If the company offers free credit monitoring services, be sure to enroll in them. This can help you stay on top of any potential identity theft or unauthorized activity on your accounts.

Change your passwords and security questions for online accounts to prevent any potential hackers from accessing your information. It's a good idea to use unique and complex passwords for each account.

Regularly review your account statements for signs of fraud or unauthorized activity, such as unfamiliar transactions or withdrawals. This will help you catch any issues before they become major problems.

You can also monitor your credit reports for signs of identity theft, such as new accounts or inquiries that you didn't initiate. Contact one of the three major credit bureaus (Equifax, Experian, or TransUnion) to request a temporary fraud alert, which can help prevent further damage.

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Here are the steps to take if you were impacted by the data breach in a quick and easy-to-reference format:

SouthState Bank, one of the largest banks in South Carolina, has experienced a data breach that exposed sensitive customer information.

The breach occurred in February, and the bank has started notifying affected customers.

Names, financial account numbers, and Social Security numbers were all compromised in the incident.

The bank has not confirmed how many people had their information exposed.

SouthState Bank is offering a free one-year membership with an identity theft protection service to anyone affected by the breach.

Customers are advised to be vigilant for incidents of fraud by regularly checking their statements and credit reports for suspicious activity.

Curious to learn more? Check out: Bank of America Data Breach Affects 57 000 Customers

The situation with Southstate Bank's data breach is critical. Institutions are falling victim to relentless cyberattacks, making proactive cybersecurity strategies a must.

Cyber threats are evolving rapidly, and only concerted action can help fortify our defenses.

South State Bank is facing a proposed class action lawsuit due to a data breach that occurred in February. The breach allegedly compromised the personal information of over a million current and former customers.

The data breach happened in February, but it wasn't until April 16, 2024, that the proposed class action lawsuit was announced. This delay highlights the importance of staying vigilant and monitoring your accounts regularly.

The lawsuit accuses South State Bank of negligence in handling customer data. It's essential to remember that banks and financial institutions have a responsibility to protect your sensitive information.

The proposed class action lawsuit is seeking to hold South State Bank accountable for the data breach.

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