NCB Management Services Inc. will pay $2.625 million to settle a lawsuit alleging it negligently failed to protect the personal information of more than 1.6 million Bank of America customers that was exposed in a 2023 data breach.
Members of the settlement class are eligible for reimbursement of up to $2,500 for documented out-of-pocket losses from the breach, or an alternative cash payment from the net settlement fund. Judge Kai N. Scott of the US District Court for the Eastern District of Pennsylvania granted the plaintiffs’ motion for final approval of the deal Tuesday, after previously allowing two of the ...
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