After more than 100 million Capital One customers had their information exposed in aplaintiffs in a class action lawsuit argued that could not have accessed Capital One’s cloud computing systems if adequate cybersecurity protections were in place.
On September 13, a court in Virginia gave final approval to a $190 million settlement in the case. But the deadline to file a claim – and get part of the payment – is just days away.
The bank “was aware of the particular security vulnerabilities that enabled the data breach” according to the complaint, but did nothing to rectify them and its negligence put millions of people at risk of fraud and impersonation. of identity.
Capital One did not respond to a request for comment. In a statement, said he was accept payment “in the interest of avoiding the time, expense and uncertainty of continued litigation.”
Here’s what you need to know about Capital One’s settlement, including who’s eligible for a check, how to file a claim and how much time is left until the deadline ends.
Learn more about class actionsfind out if you’re eligible for money from T-Mobile’s $350 million data breach case, Apple’s $14.8 million iCloud storage settlement, or Sara Lee
What happened during the Capital One data breach in 2019?
In one of the largest financial security breaches in US history, a hacker accessed the personal information of approximately 106 million Capital One customers and applicants in March 2019. The massive attack was only discovered in July 2019.
Capital One said approximately 140,000 social security numbers and 80,000 US bank account numbers were exposed, along with dates of birth, addresses, phone numbers, credit balances, transactions and credit ratings. No login information or credit card account numbers were obtained, the bank said, although one million Canadian credit card customers and applicants also revealed their Social Insurance Numbers.
In June 2022, Seattle engineer Paige Thompson was found guilty electronic fraud and unauthorized access and damage to a protected computer in connection with the attack. According to Capital One, Thompson illegally gained access to personal information related to credit card applications dating from 2005 to early 2019 for personal and small business accounts.
“With some of her illegal access, she installed cryptocurrency mining software on new servers, with the mining revenue going to her online wallet,” the Justice Department said. said in a press releaseadding that Thompson used a pseudonym to brag on social media and online forums that he orchestrated the breach.
In addition to the $190 million payment, Capital One was fined $80 million and agreed to improve its cloud security standards.
Who is entitled to money under the Capital One settlement?
Some 98 million applicants and cardholders are qualified to file a claim, according to Capital Onewho said he sent letters and emails to members whose social security numbers or bank account numbers were exposed in the hack.
If you believe you are eligible but have not received notice, you may contact the Settlement Administrator at 855-604-1811 for assistance.
What is the deadline for filing a claim?
The original deadline to send or submit a claim online in the Capital One case was August 22, but it has been extended to September 30, 2022.
The opt-out period for the settlement to retain the right to file a separate lawsuit expired on July 7.
How much can I receive from the Capital One settlement?
Class members may collect up to $25,000 in cash for lost time and disbursements related to the breach, including unreimbursed fraud charges, money spent to prevent identity theft, and professional data security services.
You may claim up to 15 hours of lost time spent resolving the issue, at a rate of at least $25 per hour.
The settlement also provides three years of free identity protection services through the Pango Group, including identity monitoring, lost wallet protection, security freeze capabilities, dark monitoring website, free account restoration, and $1 million in identity theft and fraud insurance.
How do I file a Capital One data breach claim?
You can file online at the class action settlement website. You will need the unique ID and PIN printed on the notice you received from Capital One by mail or email, as well as detailed documentation including receipts, bank statements, canceled checks and bills. (If you lost your notice or never received one, contact the Settlement Administrator at 855-604-1811.)
You can also print a paper claim form and mail it, along with any supporting documentation, to the Settlement Administrator at:
Capital One Data Breach
Portland, OR 97208–4518
When will band members receive their payments?
The settlement was finally approved on September 8, but there may still be appeals that slow the process. The Settlement Administrator will notify claimants of the payment schedule.
Payments will be made by direct deposit or paper check, depending on the method selected.