Lawsuit Alleges Fintech Company Intuit Had Shoddy Consumer Data Privacy Protection
The proposed class action lawsuit was filed by Chicago firm Strauss Borrelli. It accuses Intuit of effectively causing a cyberattack that compromised its users' personally identifiable information by bypassing cybersecurity industry standards.
July 03, 2024 at 10:09 AM
4 minute read
Financial Services and BankingThe original version of this story was published on The Recorder
What You Need to Know
- Global fintech company Intuit and its subsidiaries were slapped with a putative data privacy class action on Monday in the California Northern District Court, San Jose Division.
- The suit alleges that Intuit effectively caused a recent cyberattack by flouting industry standards for preventative cybersecurity best practices.
- Intuit and the platforms it operates have been targeted by multiple cyberattacks in the last 10 years.
Global fintech company Intuit was hit on Monday with a proposed class action lawsuit alleging that it failed to protect customers' information from a data breach.
The proposed class action lawsuit was filed by Chicago-based firm Strauss Borrelli in the California Northern District Court, San Jose Division, and includes more than 100 class members. It accused Intuit of effectively causing a cyberattack that compromised its users' personally identifiable information by bypassing cybersecurity industry standards, including the NIST Cybersecurity Framework, the Center for Internet Security's Critical Security Controls, and the Federal Trade Commission's guidelines for best data security practices. Plaintiffs are seeking restitution, damages and declaratory and injunctive relief.
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