Ally Financial: Difference between revisions
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'''[[wikipedia:Ally_Financial|Ally Financial Inc.]]''' is a US-based company offering banking, securities, and other financial services through its subsidiaries such as Ally Bank, Ally Invest Advisers Inc. and [[Ally Invest Securities]] LLC. | '''[[wikipedia:Ally_Financial|Ally Financial Inc.]]''' is a US-based company offering banking, securities, and other financial services through its subsidiaries such as Ally Bank, Ally Invest Advisers Inc. and [[Ally Invest Securities]] LLC. | ||
== Consumer impact summary == | |||
{{Placeholder box|Overview of concerns that arise from the company's conduct regarding (if applicable): | |||
* User Freedom | |||
* User Privacy | |||
* Business Model | |||
* Market Control}} | |||
==Incidents== | ==Incidents== | ||
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Ally Financial experienced a data breach in April 2024 that revealed the personal data of millions of its clients.<ref>https://news.bloomberglaw.com/ip-law/ally-breach-may-have-leaked-consumer-data-of-billions-suit-says</ref> A class-action lawsuit had been filed by July 2024,<ref>https://www.bloomberglaw.com/public/desktop/document/OwensvAllyBanketalDocketNo324cv00811WDNCSep072024CourtDocket?doc_id=X5LVE5J58BA8CP8L7L86STUQPGQ</ref> claiming Ally did not properly secure customers' confidential information, such as Social Security numbers and auto account numbers. The suit also alleged that Ally failed to use computer software available for detecting and warding off cyberattacks, and other measures needed to protect its hardware of the systems. Additionally, customer notifications were sent with long delay.<ref>https://natlawreview.com/article/ally-financial-faces-class-actions-over-data-breach</ref> to Due to this, the stolen personal data was being sold on the dark web.<ref>https://news.bloomberglaw.com/ip-law/ally-breach-may-have-leaked-consumer-data-of-billions-suit-says</ref> | Ally Financial experienced a data breach in April 2024 that revealed the personal data of millions of its clients.<ref>https://news.bloomberglaw.com/ip-law/ally-breach-may-have-leaked-consumer-data-of-billions-suit-says</ref> A class-action lawsuit had been filed by July 2024,<ref>https://www.bloomberglaw.com/public/desktop/document/OwensvAllyBanketalDocketNo324cv00811WDNCSep072024CourtDocket?doc_id=X5LVE5J58BA8CP8L7L86STUQPGQ</ref> claiming Ally did not properly secure customers' confidential information, such as Social Security numbers and auto account numbers. The suit also alleged that Ally failed to use computer software available for detecting and warding off cyberattacks, and other measures needed to protect its hardware of the systems. Additionally, customer notifications were sent with long delay.<ref>https://natlawreview.com/article/ally-financial-faces-class-actions-over-data-breach</ref> to Due to this, the stolen personal data was being sold on the dark web.<ref>https://news.bloomberglaw.com/ip-law/ally-breach-may-have-leaked-consumer-data-of-billions-suit-says</ref> | ||
https://www.ally.com/invest/ | https://www.ally.com/invest/ | ||
== See also == | |||
==References== | ==References== | ||
<references /> | <references /> | ||
[[Category:Ally]] | [[Category:Ally]] | ||