Cadence Bank Data Breach Investigation

Written by The Lyon Firm on September 19, 2023. Posted in Data Breach.

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The Lyon Firm is investigating data breach claims on behalf of Cadence Bank customers and employees who may have had their personal data compromised by a data security incident. Contact our lawyers for a free and confidential case review.

In June 2023, Cadence Bank discovered that it had been the target of a data breach in which the sensitive personally identifiable information (PII) in its systems may have been accessed and acquired.

Due to the high risk of fraud and identity theft following a data breach event, it is advisable to take immediate action and protect yourself. Contact our lawyers to discuss your next steps and to consider legal recourse.

It was concluded after the investigation by Cadence that an unauthorized third-party exploited the zero-day vulnerability and accessed and downloaded information being stored within the MOVEit application (a popular file sharing platform) between May 28 and 31, 2023. Millions of individuals and hundreds of organizations were impacted by the same cyberattack. The type of information exposed may include:

Name
Social Security number
Date of birth
Driver’s license number
Financial information (credit card number, bank account number)
Address

About Cadence Bank

Cadence Bank is a regional bank offering financial services to consumers and commercial entities. Cadence offers clients personal loans, mortgages, home equity lines and loans, credit cards, commercial and business banking, treasury management, specialized lending, and other financial products. Based in Mississippi, they operate in Alabama, Arkansas, Florida, Georgia, Louisiana, Mississippi, Missouri, Oklahoma, Tennessee, Texas, and Illinois.

If you have received a data breach notification letter from Cadence Bank or another financial institution explaining that your personal information was stolen or leaked, you may be able to take legal action and seek compensation for your potential losses. The Lyon Firm is currently representing plaintiffs nationwide in a variety of data breach and data privacy litigation.