Top Class Actions’s website and social media posts use affiliate links. If you make a purchase using such links, we may receive a commission, but it will not result in any additional charges to you. Please review our Affiliate Link Disclosure for more information.
Dave app users have filed a class action lawsuit against the owners of the popular online financial tool, saying the service imperiled the personal information of more than 7.5 million users because of a data breach.
The Dave banking app class action lawsuit was filed by five Dave users — Sadia Calixte, Gregory Hurling, Jvanne Rhodes, Freddie Talley and Oral Talley.
The users explain that Dave is an online financial tool that provides an alternative way for banking customers to conduct a range of transactions without going through traditional banks.
Allegedly, the site allows users to get cash advances, monitors customers’ bank accounts for potential overdrafts, warns customers when they are approaching an overdraft and analyzes customers’ spending habits.
To do this, the site collects a significant amount of personal identification information (PII) and maintains access to this information. CPO Magazine explains that the information collected by Dave is more than what other financial apps might maintain.
CPO goes on to say Dave used to contract with Waydev for analytics.
Allegedly, Waydev suffered a data breach, and because much of Dave’s user data had been transferred to Waydev, this information was compromised.
As a result, personal information of more than 7.5 million users ended up becoming publicly available, CPO says.
Waydev’s data allegedly appeared on RAID, a hacking forum. Now, the data from Dave is up on RAID, inviting hackers to download it for free.
According to ZDNet, information that was revealed includes full names, email addresses, phone numbers, birth dates and addresses, as well as encrypted Social Security numbers.
Dave’s website says when Dave was told about the breach, the company launched an investigation into the issue. Reportedly, the company is notifying customers and resetting Dave passwords.
However, users said Dave waited too long — almost a month — to tell customers about the issue.
Customers complained that the notice sent to the public did not provide enough information about how the data breach occurred; they claim the company merely alleged that the breach occurred at a third-party vendor with whom Dave no longer works.
Additionally, users claim that Dave is not doing enough mediate the effect of the breach on customers.
They note that Dave “suggested” users reset their passwords.
The company also reportedly offered to enroll users in the Mastercard ID Theft Protection program through the end of 2021.
Supposedly, this site would help users recover from the data beach as it would freeze their credit cards, send a notice to the three major credit reporting agencies and help them make affidavits.
The Dave data breach class action lawsuit says Dave disregarded its users’ rights by not taking adequate measures to protect their personal and sensitive data.
The customers say Dave “intentionally, willfully, recklessly, or negligently” failed to take sufficient measures to safeguard the data.
Additionally, the company reportedly failed to disclose that it and third-party vendors did not have adequate security measures in place to keep user data safe.
The Dave banking app data breach class action lawsuit says that as a result of the company’s negligence, millions of users face identity theft, fraud and financial injury.
The plaintiffs note that fraud and identity theft can take years to recover from, and state that an instance of fraud and identity theft can take years to resolve, involving an investment of both money and time.
Because of the Dave banking app data breach, users say, they and millions of others “will forever be at a heightened risk of identify theft and fraud.”
Dave reportedly knew it could be a target for hackers because it stores such a significant amount of user data.
Users say Dave’s own situation as well as data breaches experienced by other companies should have been enough to impress upon the company the importance of data security.
The Dave banking app data breach class action settlement goes on to state that Dave touts its data security to users, saying it uses “industry standard encryption,” and tells customers that no third-party site has access to user info.
However, users say Dave failed to live up to the promises it makes regarding information security.
Have you ever had your information compromised in a data breach? Share your experiences in the comments below.
The Dave users are represented by Michael F. Ram, Marie N. Appel, John A. Yanchunis and Patrick A. Barthle of Morgan & Morgan Complex Litigation Group and by Joel Rhine, Martin Ramey and Janet Coleman of Rhine Law Firm PC.
The Dave Financial Tool Class Action Lawsuit is Sadia Calixte, et al. v. Dave Inc., Case No. 2:20-cv-07704, in the U.S. District Court for the Central District of California, Western Division.
Read About More Class Action Lawsuits & Class Action Settlements:
Cancer Patients Seek OK For $8M Data Breach Deal
Class Action Lawsuit Alleges NBC Illegally Profits from Golf Channel Viewer Data
Are Juul Pods Safe If You Have a History of Seizures?
E-Cigarette JUUL Side Effects: Heart & Lung Lawsuit Investigation
ATTORNEY ADVERTISING
Top Class Actions is a Proud Member of the American Bar Association
LEGAL INFORMATION IS NOT LEGAL ADVICE
Top Class Actions Legal Statement
©2008 – 2024 Top Class Actions® LLC
Various Trademarks held by their respective owners
This website is not intended for viewing or usage by European Union citizens.
493 thoughts onDave Banking App Users File Data Breach Class Action Lawsuit
My private information was put on the dark web as I was told by McAfee security software just a couple of days ago that T-Mobile had a breach last year I was never told I found out because I bought a new laptop that had McAfee software on it and when I ran thats when T-Mobile came up and Dave came TMobile just tried to blow me off saying it happened last year and it been fix I’m waiting for a call from management now to see what will be done
I just found out my dave account was affected through credit karma. I would like to be added to lawsuit.
Can J be added to the lawsuit I was just informed my information was leaked to the dark web by dave
My account was hacked. They took 545.65. It was fraudulent but they say it wasn’t.
My data was breached on DAVE and I never was informed my data was breached and most importantly never was even made aware about the Dave class action against Dave so what can I do about the situation
My information has been breached by Dave online banking and then stole $1, 054.40 from my account. They said I will not get that money back because fraud was not found when it was fraud.
I received notification my information was involved with this date breach with Dave.
My account was hacked a month ago and every week I call and they can find my account cause the hacker change everything and also wipe me out of my money and they had the nerve to said that I authorize that transaction. Make me send verification of myself to fill out a form and no money back. I also told them that I read the if Dave had a Data breach, they hang up on me.
I am dealing with this right now. My account was hacked into and the hackers took all my money. They declined my dispute. Frustrating and pissed off
I didn’t even receive notification. If I didn’t download Experian. I would have never known.
Why do you even ask anyone to leave their feedback? Did you get back to all these people who left these posts that were affected? You’re no better than Dave.com!!!!! Why are we wasting our time while you get online hits and our data is being hot in the black market. I was NEVER notified!!! Your junk just like Dave. Did you help any of these people get on the settlement? Whatever
I want to be park od the lawsuit. I got a letter in the mail saying my personal information was leanest, had a weird bank account added to my account and part of My paycheck was going into that unknown bank account. Can’t get logged into my dave account now.
Yes please add me to the lawsuit of Dave my email sS compromised and I’ve Hamad nothing but problems since the data breach
I would like to be added to the lawsuit as well. I had to close my banking account twice
Please add me to the lawst
Never heard of Dave Inc., Do not use the app. $288 withdrawn from our checking account today, a Sunday, non-banking day. Bank of America says “1 to 5 days” to see the money reversed. “Up to 90 days” for the claim to be completed. If anyone has any information on a Class Action lawsuit, please message me. My husband works in Los Angeles. We attended a Dodger home-game last weekend. I don’t know where the breach occurred. We’re disgusted.
I would like to be added to this lawsuit. Ive been having issues with verifiying my identity since ive signed up for dave