Charlotte, NC – February 5, 2025-A massive LendingTree data breach via Snowflake has compromised millions of consumers’ personal and financial information. A class action lawsuit has been filed, with experts calling it a colossal failure in data security.
Online lending giant LendingTree is facing a massive consumer lawsuit after a shocking data breach exposed the personal information of hundreds of millions of users. The breach stemmed from Snowflake, a widely used cloud storage platform, putting millions of consumers at severe risk of identity theft and financial fraud.
The lawsuit, filed as a class action, alleges that LendingTree and its insurance comparison subsidiary failed to adequately protect sensitive consumer data, leading to a breach of unprecedented scale. The exposed information reportedly includes names, addresses, financial records, and even Social Security numbers.
Mark Rathod, an attorney representing affected consumers said:
This is a catastrophic failure of data security. Companies entrusted with such sensitive information must be held accountable for their negligence.
The incident has sparked widespread outrage as consumers scramble to protect their identities. Experts warn that the fallout could be devastating, with hackers potentially using the leaked data for fraud, scams, and financial crimes for years to come.
A spokesperson for LendingTree stated:
We take data security extremely seriously and are working with forensic experts to assess the breach and strengthen our security protocols.
However, critics argue that such measures come too little, too late for the millions now facing unforeseen financial risks.
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