State Reaches Settlement With BNY Mellon

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BNY Mellon was directed to immediately notify each affected bank customer by mail and provide 24 months of credit protection for the financial accounts that might be affected by the data breach.

In addition, BNY Mellon was presented and complied with numerous subpoenas from the Department of Consumer Protection concerning its actions before and after the data loss occurred.

Officials said BNY Mellon will also reimburse customers for any funds stolen from their accounts as a direct result of the data breach.

Finally, the bank will pay $150,000 to the State of Connecticut General Fund.

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