You might get compensation following the Capital One settlement (2024), let’s delve into details!
In 2021, Capital One finalized a $190 million settlement in response to a class action lawsuit triggered by the 2019 data breach. This settlement aims to compensate individuals who experienced financial losses due to the cyberattack. In 2024, these funds will be allocated for cash payments to cover out-of-pocket expenses incurred for defense services. Each eligible individual will receive $25,000 in compensation, with payments being distributed via email.
Who is eligible for Capital One settlement (2024)?
Individuals whose personal information was compromised in the 2019 Capital One data breach are eligible for the settlement. This includes anyone whose data was accessed during the security breach.
Capital One data breach settlement payments have started
Criteria for Capital One settlement eligibility
To qualify for the Capital One settlement, individuals must have received a notice informing them of their potential eligibility. Additionally, they must have filed a valid and timely claim before November 27, 2023. Meeting these criteria is essential to be considered for the settlement.
Requirements for US residents in Capital One settlement
US residents eligible for the Capital One settlement must have had their personal details, such as name, address, bank account number, and Social Security Number, accessed during the data breach. Residency in the United States and compromised personal information are key requirements for eligibility.
When did the Capital One data breach occur?
The Capital One data breach occurred in July 2019, when an unauthorized hacker accessed the personal details of approximately 98 million individuals who had applied for a Capital One credit card.
Start date of Capital One settlement payments
The distribution of settlement payments to eligible recipients began on September 28, 2023. This marks the start of compensation for those affected by the data breach.
Deadline for filing claims for Capital One settlement
The deadline for filing a valid and timely claim for the Capital One settlement was November 27, 2023. Claims submitted after this date are not eligible for compensation.
Payment distribution start date
The payment distribution for the Capital One settlement officially started on December 27, 2023. Eligible individuals who met the claim requirements began receiving their compensation from this date.
Current status of Capital One settlement payments
The Capital One class action settlement payments are currently being distributed to eligible recipients. The process is ongoing, with payments being made via digital methods to ensure quick and efficient distribution.
Distribution process for Capital One settlement
The payments are being administered by the designated settlement administrator. Eligible claimants receive their compensation through digital payment methods, ensuring that the process is both secure and timely.
What to do if you haven’t received Capital One payment
If you have not yet received your Capital One settlement payment, it is recommended to check the status of your claim through the official settlement portal. Additionally, you can contact the settlement administrator for further assistance.
Who administers the Capital One settlement payments
The settlement payments are being managed and distributed by a leading settlement administrator. This entity is responsible for ensuring that all eligible individuals receive their compensation in accordance with the settlement agreement.
Total settlement amount for Capital One
The total settlement amount that Capital One agreed to pay is $190 million. This amount is designated to compensate individuals affected by the 2019 data breach.
Individual compensation amount in Capital One settlement
Each eligible recipient is entitled to a compensation amount of $25,000. This payment is intended to cover out-of-pocket losses and other expenses incurred due to the data breach.
Additional benefits in Capital One settlement
In addition to the cash payment, eligible individuals will also benefit from credit monitoring, reimbursement for certain expenses, and identity theft protection. These additional measures are provided to help safeguard the affected individuals from further financial harm.
Featured image credit: Kerem Gülen/Midjourney
