A major US bank, Centennial Bank, is facing a class-action lawsuit due to a massive data breach that exposed thousands of customers' sensitive personal information. The breach occurred in April 2023, but the bank allegedly delayed notifying affected customers for a year. The compromised data includes names, Social Security numbers, dates of birth, driver's license numbers, bank account numbers, and health insurance details.

The bank is accused of failing to establish a robust security system, neglecting to encrypt or redact sensitive information, and delaying notification to affected customers. The breach resulted in a system-wide shutdown, preventing customers from accessing online banking services, using their cards, or conducting transactions.

The incident highlights the importance of robust data security measures in the financial sector and the need for prompt communication in the event of a breach. Centennial Bank's delayed response has raised concerns over data security and customer trust. As the bank faces legal action, other financial institutions must take note and prioritize customer data protection.

The lawsuit alleges that Centennial Bank's negligence and failure to protect customer data led to the breach, compromising thousands of customers' sensitive information. The bank's delayed response and lack of transparency have further exacerbated the situation, eroding customer trust and confidence in the financial sector.