SRP Credit Union Sued Over Ransomware Attack Affecting 240,000

SRP Federal Credit Union was hit with a proposed class action saying it failed to take reasonable steps to protect customers’ personal information from a fall ransomware attack and delayed notifying them, allowing cybercriminals use of it without their knowledge

SRP’s encryption of data, cybersecurity practices, and employee training were all inadequate to protect the names, Social Security numbers, and other sensitive information of 240,000 people stolen by an unauthorized third party, according to the complaint filed Dec. 20 in the US District Court for the District of South Carolina.

The credit union, which is primarily based in South Carolina ...