JPMorgan Hit With Class Action Over February Data Breach (1)

Investment-banking giant JPMorgan Chase & Co. failed to protect the personal information of more than 451,000 people that was disclosed in a February data incident, a proposed federal class action filed Wednesday said.

Daniel Walton alleged that the bank failed to implement adequate and reasonable procedures to protect sensitive information, monitor its systems against intrusion, or provide adequate and timely notice of the breach.

Information exposed in the incident included names, Social Security numbers, addresses, and financial account information, according to a complaint filed in the US District Court for the Southern District of New York.

JPMorgan Chase declined to ...