Capital One Customers Can Claim Part Of A $190 Million Data Breach Settlement: Here’s How To Get Your Share

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In July 2019, nearly 100 million Capital One credit menu customers and applicants were the victims of a cyberattack. A settlement has been preliminarily approved.

On July nineteen, 2019, Capital 1 announced that information technology had been the victim of a criminal cyberattack. Co-ordinate to the Department of Justice, Paige Thompson, a erstwhile software engineer at a Seattle technology company, gained unauthorized admission to the personal data of nearly 100 million Capital One credit card customers and applicants in the Usa.

Following the cyberattack, Thompson posted near the information alienation on the data sharing site GitHub, according to a criminal complaint. The DOJ says a GitHub user who saw the post alerted Capital letter One on July 17, 2019.

Numerous lawsuits were brought against Capital 1 on behalf of the customers whose personal information was accessed as a outcome of the cyberattack. On February. 7, 2022, a U.S. federal court preliminarily approved a class action settlement related to the data breach. VERIFY viewer Tamara recently received an email well-nigh the settlement and asked our team to confirm whether it is real or not.

THE QUESTION

Is the Upper-case letter One information breach settlement real?

THE SOURCES

THE Respond

Yeah, the Capital One data breach settlement is real.

WHAT We Institute

Tamara forwarded VERIFY the email she received from a website pointing to capitalonesettlement.com. The settlement website is legitimate, co-ordinate to Upper-case letter Ane.

On a webpage that provides information nearly the July 2019 cyberattack, Capital 1 instructs customers affected by the breach to visit capitalonesettlement.com for additional details well-nigh the settlement.

According to the settlement administrator, Capital 1 is required to establish a settlement fund of $190 million. The settlement fund will be used to:

  • Make cash payments for out-of-pocket losses and lost time;
  • Purchase identity defense force services;
  • Buy restoration services for all settlement class members, regardless of whether they make a merits;
  • Pay the costs of notifying settlement class members and administering the settlement;
  • Pay service awards to settlement class representatives and any other settlement grade member who was deposed in the action, every bit approved by the court;
  • Pay attorneys’ fees, costs, and expenses, as approved by the courtroom.

If you spent money to bargain with fraud or identity theft or to protect yourself from future harm as a result of the data breach, then you can submit a claim for reimbursement of up to $25,000 for the loss of out-of-pocket expenses. This includes costs incurred while preventing identity theft or fraud, professional fees, up to 15 hours of lost time at a rate of at least $25 per hour, and other miscellaneous expenses, according to the settlement administrator.

To merits reimbursement for out-of-pocket losses, the settlement administrator says you must provide “reasonable documentation,” which includes credit bill of fare statements, bank statements, invoices, phone records, and receipts. While personal certifications, declarations, or affidavits do not found as reasonable documentation, they may also be included to provide clarification, context, or back up. The settlement administrator will decide if your claim is valid, and says only valid claims will be paid.

If yous received a notice about the settlement, you are probable a member of the settlement class — meaning yous are amidst the approximately 98 one thousand thousand U.S. residents identified by Upper-case letter One whose information was accessed in the information breach, according to the settlement ambassador. The notice contains a unique ID and a Pin, which are both required to file a claim form. Tamara received a unique ID and PIN in the e-mail she received.

To confirm you are a settlement grade member, and eligible for benefits, y’all can call one-855-604-1811 or contact the settlement administrator at [email protected]

Claims must be filed online or by postal service no after than Baronial 22. A final settlement approving hearing will be held on August 19. For more information nigh the settlement, visit capitalonesettlement.com.

After the data breach, Capital 1 said it immediately fixed the issue and began working with federal police force enforcement. Thompson, the person who took the information, was captured by the FBI and is facing federal charges for wire fraud and computer information theft related to the data alienation. The government has stated they believe the data has been recovered and that there is no evidence the data was used for fraud or shared past Thompson, according to Capital One. In 2020, the U.Due south. Treasury Department fined Capital Ane $80 million for careless network security practices related to the data alienation.

“While I am grateful that the perpetrator has been caught, I am securely sorry for what has happened,” Richard D. Fairbank, Capital One’s CEO, said. “I sincerely apologize for the understandable worry this incident must be causing those affected and I am committed to making it right.”

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Source: https://www.verifythis.com/article/news/verify/money-verify/capital-one-data-breach-cyberattack-settlement-is-legit-real-fact-check/536-60fd63f7-9205-45c7-9e7f-99909193b1bc