The Association of Vermont Credit Unions (AVCU), Minnesota Credit Union Network and Pennsylvania Credit Union Association (PCUA) will join CUNA, other state credit union leagues and credit unions in a class-action lawsuit against Equifax for its 2017 data breach. CUNA filed its lawsuit Oct. 4 as a result of the breach that exposing personally identifiable information of over 145 million consumers
“Although AVCU doesn’t serve consumers directly, approximately 58% of Vermonters are served by its member credit unions” said AVCU President Joe Bergeron. “Participation in this CUNA and league class action by AVCU is an important measure to help safeguard the interests of Vermont credit unions in an unprecedented breach of member information with yet-to-be-known ramifications that we’ll feel far into the future.”
“Credit unions put their members’ interests first. We want to ensure that Minnesota’s credit unions, and their members, have a strong voice in these proceedings,” said Minnesota Credit Union Network president/CEO Mark Cummins, “Equifax needs to be held accountable for exposing social security numbers, birthdates and other personal information.”
“We believe it is our responsibility to protect credit unions and their members, that have recognized financial losses as a result of the Equifax data breach,” PCUA President/CEO Patrick Conway said. “Representing credit unions in this manner will ensure they have a voice as Equifax is held accountable for current damages, future losses, and data security risks.”
The breach resulted from inadequate security measures, which allowed hackers to access consumer names, social security numbers, birth dates, addresses, driver’s license numbers and debit and credit card information from more than 200,000 cards.
Other leagues that have announced their participation in suits against Equifax include Illinois, the League of Southeastern Credit Unions and Affiliates, Nebraska and the Mountain West Credit Union Association.