The Illinois Credit Union League has joined the class action lawsuit as a party plaintiff against Equifax, resulting from the data breach announced last month. CUNA filed its lawsuit Oct. 4, along with several other institutions.
“We are joining CUNA in the fight to hold Equifax accountable for this grievous data breach impacting more that 145 million American consumers,” said Tom Kane, President/CEO of the Illinois Credit Union League. “This is the latest of a growing number of high profile data breaches, but it will likely turn out to be the worst because of the type of sensitive information that was exposed. Equifax was unbelievably careless by ignoring warnings to make a simple - but critical - security patch to their software and the negative effects of this breach may be felt by credit unions and their members for years to come.”
The Equifax data breach has resulted in hacking accessing information on more than 145 million consumers, as well as payment card data of more than 200,000 consumers.
CUNA filed its lawsuit because credit unions will bear substantial costs in the aftermath of the breach.
CUNA has also written to Congress with its concerns, and conducted a webinar for members interested in learning about their legal options.