Online banking

Hitachi Unit and Truist settle lawsuit over online banking outage

By Emilie Ruscoe (February 25, 2022, 6:17 PM EST) – The successor to BB&T Corp. has reached an agreement to end litigation against data storage company Hitachi Vantara Corp. following a “catastrophic” outage in 2018 that shut down BB&T’s online banking platform for 15 hours.

In a joint stipulation filed Wednesday, Truist Bank, which formed in 2019 when BB&T merged with SunTrust Banks, and Hitachi Vantara, a U.S. subsidiary of Hitachi focused on data storage and related products and services, said to U.S. District Judge Catherine C. Eagles that they’d agreed to settle the bank’s lawsuit with prejudice.

The parties described the other terms of their settlement as a confidential settlement agreement, but said…

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