Fidelity Settles Data Breach Claims with Up to $5,000 Compensation for Affected Customers
Fidelity data breach settlement with up to $5,000 compensation for affected customers- here's who can file a claim
The Economic TimesImage: The Economic Times
Fidelity Investments has agreed to a multi-million-dollar class action settlement following a data breach in August 2024 that exposed sensitive information of about 77,000 customers. Affected individuals can claim compensation of up to $5,000 for related financial losses, with a claim deadline of July 27, 2026.
- 01The data breach occurred between August 17 and 19, 2024, affecting approximately 77,000 customers.
- 02Eligible customers may receive reimbursements for losses linked to fraud, identity theft, and credit-related expenses.
- 03California residents may qualify for an additional $50 payment under the Consumer Privacy Act.
- 04Claimants can also access two years of identity theft protection and credit monitoring services.
- 05The settlement does not imply any admission of wrongdoing by Fidelity Investments.
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Fidelity Investments has reached a multi-million-dollar class action settlement related to a data breach that exposed sensitive information of approximately 77,000 customers in August 2024. The breach, which reportedly compromised account and routing numbers, has led to allegations that Fidelity failed to adequately protect customer data. Affected customers who received notification from Fidelity may be eligible for compensation of up to $5,000 for financial harm associated with fraud, identity theft, and other related expenses. Additionally, California residents may receive an extra $50 under the state's Consumer Privacy Act. Claimants must submit documentation to support their claims, and the deadline for filing is set for July 27, 2026. Beyond financial compensation, the settlement offers two years of identity theft protection and credit monitoring services, including up to $1 million in fraud and identity theft insurance coverage. This case is part of a broader trend of settlements linked to recent data breaches, highlighting the ongoing challenges of consumer privacy and data security.
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Affected customers could receive significant financial compensation and support services, enhancing their security against identity theft.
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