When Your Vendor’s Breach Becomes Your Lawsuit: Privacy Risk Lessons from Recent Bank Litigation

Nancy Eff Presnell, Gene F. Price, and Matthew R. Schantz write: A recent high-profile incident illustrates the growing litigation and regulatory risks that financial institutions face from vendor-driven data breaches. Within weeks of a national bank confirming a data security incident at a third-party service provider, at least two putative class actions were filed, though... Source