Financial Services Companies Face Class Action Lawsuits Over MOVEit Zero-Day Vulnerability Breach

Financial services companies, including TD Ameritrade, Charles Schwab, and Prudential, are being sued for failing to secure personally identifiable information (PII) and negligence in protecting customer data following a zero-day vulnerability breach in MOVEit software, which compromised sensitive financial data of numerous organizations and impacted at least 49 million to 54 million individuals worldwide.