UPDATED:    February 26, 2025

Reading Cooperative Bank Data Breach Lawsuit

Data Breach Summary

Reading Cooperative Bank

Who Was Affected
Individuals associated with Reading Cooperative Bank
Impacted Data
Social Security numbers, Medical records, Financial account information, Driver’s licenses, Credit and debit card number
Date of Breach
January 31, 2025
Have you been affected by Reading Cooperative Bank's data breach?

Reading Cooperative Bank has reported a data breach following a phishing attack. The incident, which was disclosed in filings with the Maine and Massachusetts Attorneys General, may have exposed sensitive customer information. Impacted Individuals are urged to remain vigilant by monitoring financial statements, updating passwords, and staying alert to phishing attempts. For more information, visit our guide on how to protect your information after a data breach and minimize potential harm.

Reading Cooperative Bank Data Breach Details

On January 31, 2025, RCB identified a security breach caused by a phishing attack. An employee unknowingly clicked on a deceptive email from what appeared to be a trusted banking industry contact, potentially exposing the personal information of 24,041 individuals, including 89 residents of Maine.

RCB immediately launched an investigation with leading cybersecurity experts, confirming that certain personal data had been compromised. To support those affected, RCB is providing complimentary access to Experian’s® IdentityWorksSM for 24 months, offering proactive identity monitoring and protection.

What Information Was Compromised?

The exposed data varied by individual but may include:

    • Social Security numbers
    • Medical records
    • Financial account information
    • Driver’s licenses
    • Credit and debit card number

How to Know if You Were Affected

If you received a data breach notification from Reading Cooperative Bank, your personal information may have been compromised. While most victims are officially notified through a “Notice of Data Breach” in the mail, the consequences—such as fraudulent transactions and identity theft—can begin long before the notice arrives.

Steps to Take if You Were Affected by the Reading Cooperative Bank Data Breach

Stay Alert for Phishing Scams
Scammers may exploit the data breach by posing as Reading Cooperative Bank. Be cautious of unexpected emails, texts, or calls requesting personal information. When in doubt, verify communications directly with the company through official channels.

Monitor Your Credit and Financial Accounts
Regularly check your bank statements, credit card activity, and credit reports for unauthorized transactions. Set up account alerts to detect suspicious activity early. Take advantage of free credit reports and review them carefully for unfamiliar accounts or discrepancies.

Consider Freezing Your Credit
For added security, request a credit freeze from all three major credit bureaus. This prevents new accounts from being opened in your name while still allowing you to use existing credit. You can temporarily lift the freeze when necessary if applying for credit.

Class Action U, in partnership with KO Lawyers, is assisting individuals impacted by the Reading Cooperative Bank data breach. If your information was exposed, you may be eligible to join a class action lawsuit.

How Reading Cooperative Bank Class Action Lawsuits Help Victims Seek Compensation

Class action lawsuits enable individuals affected by large-scale data breaches, like the Reading Cooperative Bank incident, to pursue compensation collectively. This approach offers a more efficient and cost-effective way to hold companies accountable for failing to protect personal information.

By joining a class action lawsuit, you may seek compensation for:

  • Loss of privacy
  • Time spent addressing the breach
  • Out-of-pocket expenses
  • Emotional distress

A successful lawsuit could also compel Reading Cooperative Bank to strengthen their security measures and prevent future breaches. Contact Class Action U today to determine your eligibility for a data breach class action lawsuit and explore the compensation that may be available to you.

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