Estimated Payout: $700.00+
What is the Capital One Data Breach Class Action About?
The Capital One class action settlement, amounting to $190 million, was finalized in 2023, with payouts initiated in October of the same year. Affected consumers have reported receiving checks exceeding $700, with options for payment methods including Zelle, Venmo, PayPal, and prepaid cards.
The lawsuit stemmed from a significant data breach where third-party hackers accessed Capital One’s consumer data. This settlement aims to compensate those impacted by the breach, which affected nearly 100 million customers, drawing parallels to a similar settlement with Equifax over its own data breach.
In July 2019, Capital One revealed it had fallen victim to a cyber attack, compromising the personal information of approximately 98 million U.S. consumers. The breached data included names, addresses, zip codes, phone numbers, email addresses, dates of birth, self-reported income, credit scores, credit limits, balances, payment history, and fragments of transaction data from a span of 23 days between 2016 and 2018.
Additionally, about 120,000 Social Security numbers and 80,000 linked bank account numbers were accessed, raising concerns due to the sensitivity of this information.
What Can I Expect to Receive?
Consumers have reported payouts of over $700 for each claim filed. Those who can prove their information was compromised may receive payments exceeding $10,000 per claim as of October 2023. Compensation will be distributed among all participants, and claims can also be submitted for any expenses incurred due to fraud or identity theft, including lost time. Eligible out-of-pocket losses may include:
- Costs incurred for placing or removing a security freeze on your credit report after March 22, 2019.
- Expenses for credit monitoring or identity theft protection after March 22, 2019.
- Non-reimbursed costs related to identity theft or fraud, including issues with falsified tax returns.
- Miscellaneous expenses linked to the data breach, such as notary, fax, postage, copying, mileage, and long-distance phone charges.
- Professional fees incurred while addressing identity theft or fraud traceable to the breach.
How Do I File a Claim?
To qualify, you must have submitted a claim form online by September 30, 2022. The settlement is currently disbursing payments, and the period for filing claims has closed, along with the appeals phase. Many affected Capital One customers received payouts that exceeded their expectations, with some reporting payment notifications totaling upwards of $700.
Claim Form Website: CapitalOneSettlement.com
Please be aware that your claim form will be rejected if it contains fraudulent information. By submitting your information and your sworn statement of its accuracy, you are agreeing to do so under penalty of perjury. Submitting false information not only jeopardizes your claim but also affects others who are genuinely eligible for the settlement. If you are uncertain about your eligibility for this class action settlement, please visit the class action administrator’s website for more information. Note that NoProofClassActions.org participates in the Amazon affiliate advertising program, and this post may include affiliate links, which could result in us earning a commission if you make a purchase through those links.
