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Reading Cooperative Bank Data Breach Lawsuit Investigation
Shamis & Gentile P.A., one of the nation's premier class action law firms specializing in data breach cases, is investigating the Reading Cooperative Bank data breach.
If you were affected by the data breach, your sensitive personally identifiable information may have been exposed, and you may be eligible for compensation.
About Reading Cooperative Bank
Reading Cooperative Bank is a financial institution based in Reading, Massachusetts, with a history dating back to 1886. It operates as a cooperative, meaning it is owned by its customers rather than stockholders. This unique structure allows customers to have a say in the bank's operations.
As of September 2024, Reading Cooperative Bank had $922.5 million in assets and served its community through 11 locations with 98 employees.
What Happened?
In February 2025, Reading Cooperative Bank disclosed a data breach that affected 20,532 individuals in Massachusetts. The breach was the result of an email phishing incident that compromised sensitive consumer information.
Information excused:
- Social Security numbers
- Medical records
- Financial account information
- Driver's license numbers
- Credit and debit card numbers
Reading Cooperative Bank has taken steps to secure its systems and engaged third-party experts to assist in the investigation. They are offering complimentary access to Experian IdentityWorksSM for 24 months to help protect affected individuals.
Your Rights and Next Steps
If you believe you were affected by this data breach, there are several steps you can take to protect yourself. First, consider enrolling in the complimentary Experian IdentityWorksSM service offered by Reading Cooperative Bank. This service provides identity restoration and credit monitoring to help detect and resolve any potential identity theft issues.
You also have the right to place a security freeze on your credit report, which can prevent unauthorized access to your credit information. To do this, you must contact each of the three major credit reporting agencies: Equifax, Experian, and TransUnion. Remember, under federal law, you cannot be charged for placing or lifting a credit freeze.
Additionally, it is advisable to monitor your financial statements and online accounts for any suspicious activity. If you detect any unauthorized transactions, contact the company that maintains the account immediately.
You May Be Entitled to Compensation
If your information was compromised in the Reading Cooperative Bank data breach, you may be entitled to compensation. Lawyers are ready to help you understand your rights and pursue any potential claims.
To explore your options and join a lawsuit, complete the form below.
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