Bank of America and Ernst & Young To Hand Out $2,500,000 To Settle Accusations of Failing To Protect Customers From MOVEit Data Breach

Ernst & Young and Bank of America have agreed to pay $2.5 million to settle a class-action lawsuit stemming from a 2023 data breach involving the MOVEit file transfer service. The settlement resolves allegations that the companies failed to adequately protect consumers’ personal information after a vulnerability in MOVEit Transfer was exploited. The security incident […] The post Bank of America and Ernst & Young To Hand Out $2,500,000 To Settle Accusations of Failing To Protect Customers From MOVEit Data Breach appeared first on The Daily Hodl.