Nebraska Bank to Pay $2.4M for MOVEit Breach

Union Bank & Trust Co. settles class action lawsuit over customer data exposed in cyberattack.

Published on Mar. 4, 2026

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Nebraska-based Union Bank & Trust Co. has agreed to pay $2.4 million to settle a proposed class action lawsuit alleging the bank failed to properly protect customer personal data that was exposed in a cyberattack on Progress Software Inc.'s MOVEit file-transfer software.

Why it matters

This settlement highlights the growing legal and financial risks companies face when customer data is compromised, even if the breach occurred through a third-party vendor. It also underscores the importance of robust cybersecurity measures to protect sensitive consumer information.

The details

Under the proposed settlement, class members would be eligible for up to $10,000 in reimbursement for extraordinary losses related to the breach, $2,500 for ordinary losses, or an alternative cash payment of $100. The plaintiffs filed the motion for preliminary approval of the deal in the U.S. District Court for the District of Nebraska.

  • The cyberattack on Progress Software's MOVEit file-transfer software occurred in 2023.
  • Union Bank & Trust Co. has agreed to the $2.4 million settlement in 2026.

The players

Union Bank & Trust Co.

A Nebraska-based bank that was sued over a data breach involving its customers' personal information.

Progress Software Inc.

The company that owns the MOVEit file-transfer software, which was the target of the cyberattack that led to the data breach.

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What’s next

The proposed settlement still needs to be approved by the U.S. District Court for the District of Nebraska.

The takeaway

This case underscores the importance for companies to have robust cybersecurity measures in place, even when using third-party vendors, in order to protect their customers' sensitive information and avoid costly legal battles.