Do you even know that this data breach thing with TD Bank actually happened back in 2023 but the bank didn’t tell the customers for so long? Yes, it was just this year in February 2025, when the bank decided to finally tell the customers, and the reaction to that wasn’t what the bank was expecting. Like, people’s personal details were at risk and they just kept it hidden for so long, that’s the part where a lot of people are furious about the bank.
This is precisely the reason why you’re seeing this TD Bank Data Breach Lawsuit thing in action. Though, as per the details that are already out, the leaked data had some serious and important details of the customers like their names, addresses, phone numbers, social security numbers, financial details, transaction history and all that. If you know just a little bit about how important digital data is these days, then you know that this leaked information by the end of TD Bank is literally a goldmine for someone who’s out there doing the identity theft thing. Let’s go over some more information regarding this lawsuit and try to see what implications it can have down the line.
The Lawsuit That’s Calling TD Bank Out
It was actually Robert Taylor, a TD Bank customer from Connecticut, who decided to launch this class action lawsuit against the bank, asking a lot of questions and alleging that the bank was in the wrong here. Which the bank really is. Just so you know though, this lawsuit was actually filed in a federal court down there in New Jersey.
The first point of the lawsuit is that the bank was totally careless in handling the sensitive data of the customers, and they made it even worse by not letting the customers know for nearly 2 years.
So now? Well, at present, as per the lawsuit details, Taylor is asking for at least $5 million in damages. For what? Well, just to compensate the customers who suffered losses, had a lot of stress, all because of this data breach. That sounds reasonable.
What Has Been TD Bank’s Response So Far?
See, it is just even more crazy to see that TD Bank has still kept silent on this case and even this lawsuit. Like, all we know by this point is that they just told their customers that there was a data breach, and that too, literally months after it happened. Right now, a lot of people and their customers are asking the question to bank, but nah, they’re pin-drop silent on this one. That’s just carelessness at the next level.
TD Bank’s $28 Million Fine
A fine of millions of dollars? When was it? Well, this isn’t the only time this bank is getting in trouble for something like this, you see, it went through some kind of trouble back in 2024 as well. But why? Well, back then, the Consumer Financial Protection Bureau (CFPB) fined the bank $28 million for giving false and negative information about customers to credit reporting agencies. So now can you see the pattern here?