If you were among the millions affected by Capital One’s massive 2019 data breach, you could be entitled to a portion of the $190 million settlement. Eligible individuals may claim up to $25,000 in compensation for documented losses, with payments continuing through early 2025. Read on to learn how to check your eligibility, file a claim, and secure your payout before the deadline.
Who Qualifies for the Settlement?
To be eligible for compensation, you must meet the following criteria:
- Data Breach Impact: Your personal information was compromised during the 2019 breach, which exposed sensitive details like names, addresses, credit scores, and in some cases, Social Security numbers.
- Notification Received: Capital One sent notices to affected individuals. If you received one, you’re likely eligible.
- Documented Losses: To claim the maximum payout of $25,000, you’ll need to show proof of financial harm, such as identity theft expenses, fraudulent charges, or costs for credit monitoring.
What’s Included in the Payout?
The settlement offers:
- Up to $25,000 for documented financial losses.
- Compensation for time spent addressing the breach, at $25 per hour (up to 15 hours).
- Free credit monitoring and identity theft protection for affected individuals.
How to File Your Claim
Filing your claim is simple:
Complete the Claim Form: Provide your personal details and attach supporting documents, such as receipts or bank statements.
Meet the Deadline: Claims must be submitted no later than January 21, 2025.
When Will You Get Paid?
Payments began in September 2023 and will continue through January 2025. Approved claimants will receive their compensation via direct deposit or mailed checks.
Background on the Data Breach
The 2019 Capital One data breach exposed the personal information of approximately 98 million customers. The hacker accessed credit applications and sensitive details dating back to 2005. Capital One has since implemented significant security upgrades, but the breach remains one of the largest in U.S. history.
Why This Matters
This settlement not only provides financial relief to those affected but also highlights the importance of corporate accountability in safeguarding consumer data.
If you believe you’re eligible, don’t wait—file your claim today to secure your share of the settlement.