Cybersecurity & Data Breaches
Litigating losses from data breaches, phishing scams, account takeovers, and third-party hacker attacks.
Overview
Cybersecurity Failures & Data Breaches
As financial services and asset storage move online, cybersecurity failures have become a leading cause of financial loss for individuals and businesses alike. Banks, crypto exchanges, telecoms, and technology platforms have legal obligations to maintain reasonable security measures to protect customer assets and data.
When they fail, and those failures result in financial harm, victims often have legal recourse — not against the hacker, but against the institution that allowed the breach to occur.
MDF Law focuses on identifying institutional liability in cybersecurity cases, pursuing claims through consumer arbitration, FINRA arbitration, and court litigation.
Cases We Handle
Data Breaches
When companies fail to adequately protect customer data and a breach results in financial loss, victims may have claims against the institution.
Phishing & Account Takeovers
Sophisticated phishing attacks and credential theft that result in unauthorized access to financial or crypto accounts.
SIM Swap Fraud
Telecom carriers that fail to verify identity before transferring phone numbers, enabling attackers to bypass 2FA and drain accounts.
Ransomware Losses
Business and individual losses from ransomware attacks where institutional security failures contributed to the harm.
Crypto Theft via Hacking
Exchange and wallet compromises resulting in theft of digital assets, where platform security failures enabled the attack.
Third-Party Hacker Losses
Losses from third-party hackers where financial institutions, platforms, or service providers failed to meet their security obligations.
Who Can Be Held Liable?
Successful cybersecurity litigation focuses on the institutions responsible for protecting accounts and data — not just the individual attacker. This can include banks and credit unions that failed to detect fraudulent transactions, telecom carriers that processed unauthorized SIM transfers, cryptocurrency exchanges with inadequate security controls, and financial platforms that stored credentials insecurely.
We conduct a thorough analysis of the security failures involved and the applicable legal standards before recommending a path to recovery.
Free Case Review
Talk to an attorney today. No fee unless we recover.