The Lyon Firm Files Class Action Flagstar Bank Data Breach Lawsuit
UPDATE: The Lyon Firm has filed a class complaint against Flagstar on behalf of a plaintiffs who alleges the bank failed to protect sensitive personal information of clients nationwide.
Flagstar Bank, the primary subsidiary of Flagstar Bancorp, is a bank headquartered in Michigan and one of the largest residential mortgage servicers in the country. It is among the largest banks in the United States.
According to reports, over 1.5 million individuals may be impacted by a security incident that may have compromised sensitive personal information.
In December 2021, Flagstar experienced a cyber incident that involved unauthorized access to their network. Flagstar started to investigate the data theft event with the assistance of third-party forensic experts and discovered on June 2, 2022 that certain impacted files containing personal information were accessed and/or acquired from their network between December 3, 2021 and December 4, 2021.