In July 2019, an unauthorized hacker accessed the personal details of approximately 98 million individuals who had applied for the Capital One credit card.
The security breach had severe implications and set to a settlement, which has been for a class action that is made to deal with rhe aftermath of an incident. The Americans who are the Capital One Bank Settlement are offered the payment since 28 Sep 2023.
The administrator in charge has started paying eligible individuals for the settlement, ensuring they receive compensation quickly. In addition to the settlement amount, they will also receive credit monitoring, expense reimbursement, and identity theft protection.
For the year 2024, the administration of Capital One class action settlement has been providing the payment for the alleged hacker convicted of the data breach.
The settlement is for the class members who have filed their valid, timely claims, which correspond to 25,000 USD per person. The claimants receive their compensation as digital payment, which payouts are made through the settlement administrator, and individuals who meet the requirement receive their payment.
For the Capital One Settlement, the US resident has to come under the federal eligibility criteria for those whose detials have been a data breach.
The individuals who are residing in the US and their personal detials like name, address, bank account number, and Social Security Number got accessed in the Capital One data breach will be offered the settlement amount.
The individual who has received the notice informing them of their potential eligibility for settlement and filed a valid and timely claim before Nov 27, 2023, is eligible for the Capital One Bank Settlement.
All the eligible individuals who got verified for the payment will receive the direct deposit, and all the members of the settlement class, regardless of the field of their claim, will receive the credit assistance.
The deadline for receiving the Capital One Bank Settlement payment was Nov 27, 2023. The leading administrator has been distributing the payment starting 28 Sep 2023
The settlement amount is 190 million USD, and eligible recipients are offered a 25,000 USD payment, which will be made to each class member who has filed a valid claim for their lost time or pocket expenses.
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