Federman & Sherwood Investigates Flagstar Bank (Flagstar Bancorp, Inc.) for Data Breach

Rhea-AI Summary

The law firm Federman & Sherwood has launched an investigation into Flagstar Bank (NYSE: FBC) regarding a significant data breach. On June 17, 2022, the bank disclosed unauthorized access to its network, affecting approximately 1,547,169 customers. The breach, which occurred between December 3 and December 4, 2021, exposed sensitive personal information including social security numbers. Following the incident, Flagstar took immediate measures to secure its network and engage third-party forensic experts for a thorough investigation.

Positive

• Flagstar Bank took swift action to secure its network and mitigate risks following the breach.

Negative

• The data breach potentially compromises the personal information of over 1.5 million customers.
• The incident may lead to reputational damage and regulatory scrutiny.

OKLAHOMA CITY--(BUSINESS WIRE)-- The law firm of Federman & Sherwood has initiated an investigation into Flagstar Bank [NYSE: FBC] with respect to a data breach. On June 17, 2022, Flagstar Bank reported that they recently experienced a cyber incident that involved unauthorized access to their network. In response, Flagstar promptly took steps to secure its environment and investigate the incident with the assistance of third-party forensic experts.

Flagstar Bank, a national bank with approximately 158 locations across 5 U.S. states, has acknowledged a breach affecting 1,547,169 customers' files containing customer data that included names and/or personal identifiers including their social security numbers. After an extensive forensic investigation and manual document review, they 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.

If you wish to discuss this action, obtain further information and participate in this litigation contact Lacrista A. Bagley either by email at lab@federmanlaw.com or visit our firm’s website www.federmanlaw.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20220624005399/en/

Lacrista A. Bagley

FEDERMAN & SHERWOOD

(405) 235-1560

Source: Federman & Sherwood

FAQ

What triggered the investigation into Flagstar Bank?

The investigation was initiated due to a data breach reported by Flagstar Bank on June 17, 2022.

How many customers were affected by the Flagstar Bank data breach?

Approximately 1,547,169 customers were affected by the data breach.

When did the data breach at Flagstar Bank occur?

The unauthorized access to customer data happened between December 3 and December 4, 2021.

What type of personal information was compromised in the Flagstar Bank breach?

The breach exposed personal identifiers, including customers' social security numbers.