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Middle District of Alabama Denies Class Certification in Data Breach Claim Brought by Bank Against Retailer

In our Southeast Financial Litigation Monitor post about a recent opinion in Southern Independent Bank vs. Fred’s Inc., in which the Middle District of Alabama denied class certification following a data breach which allegedly affected over 2,000 financial institutions across the country. Southern Independent, a community bank located in south Alabama, brought a class action complaint against Fred’s in response to a data breach in which hackers, using malware installed on servers, harvested payment data from consumer debit cards used at Fred’s stores. The issuing banks claim damages stemming from Fred’s alleged negligent failure to maintain adequate cybersecurity in compliance with the PCI-DSS standards. To view Lindsey’s post, click here.