In July 2019, Capital One reported a data breach where a cyber attacker gained unauthorized access to personal information belonging to approximately 98 million U.S. consumers. A class action settlement was proposed against Capital One and Amazon regarding this breach. The settlement involves a $190 million fund aimed at providing relief to affected individuals through various benefits, including reimbursement for financial losses and identity protection services.
It was revealed that an intruder breached the company’s security defenses and accessed files containing sensitive data such as payment records, zip codes, contact information, social security numbers, and credit ratings.
The final approval for the Capital One Settlement Claim was granted on September 13, 2022, following the conviction of the accused hacker involved in the Capital One data breach incident.
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How to Apply for Capital One Class Action Settlement Claim?
| Settlement Fund | $190 Million |
| Claim Submission | Out-of-Pocket Losses, Lost Time |
| Identity Defense Services | Enroll for a 3-year service |
| Restoration Services | Access for at least 3 years |
| Claim Submission Last Date | September 30, 2022 |
| Capital One Class Action Settlement Payment Date | 28th September onwards |
| Contact Details | 1-855-604-1811, [email protected] |
| Official Website | www.capitalonesettlement.com |
To receive benefits from this settlement, impacted individuals need to complete and submit a claim form by September 28, 2022. This form is essential for obtaining reimbursements for any financial losses incurred or time spent addressing issues resulting from the data breach.
Steps to be followed:
- Eligible claimants should click the “Claim Payment” link provided in the email from [email protected] before the stated deadline. Upon clicking, you will be directed to the payment dashboard where various payment options will be displayed.
- Choose your preferred payment method. Additional information may be required by the system to complete the payment process.
- After submission, expect interim notifications from [email protected] regarding the status of payment processing and the forthcoming payment transfer based on the selected method.
How to Claim Capital One Bank Settlement?
To claim benefits, individuals needed to:
- File a claim for Out-of-Pocket Losses and/or Lost Time: Complete a claim form by September 30, 2022, to request reimbursement for financial losses or time spent addressing issues caused by the data breach.
- File a claim for Identity Defense Services: Enroll to receive three years of identity defense services at no charge, including dark web monitoring, identity monitoring, lost wallet protection, and a $1 million identity theft insurance policy.
- Access Restoration Services: All members of the settlement class were eligible to utilize Restoration Services for assistance in resolving fraud-related issues, irrespective of whether they filed a claim.
Capital One Settlement Payment Date
Payments commenced for eligible claimants on September 28, 2023. To receive payment, claimants must submit their claims by the specified deadlines.
How to Continue Getting Benefits?
Ongoing benefits include Identity Defense and Restoration Services. Enrolling in Identity Defense Services protects against identity theft, while Restoration Services assist in resolving fraud-related issues. Utilizing these services helps individuals protect themselves from potential identity threats.
For more information and a comprehensive understanding of the benefits and rights provided by this settlement, it is advisable to visit the official settlement website.
Claiming the Capital One Settlement Payment: Support Options
For assistance with any challenges encountered during the claim retrieval process, claimants can contact the Capital One Settlement Administrator through:
- Helpline Number: 1-855-604-1811
- Official Web Portal: www.capitalonesettlement.com
- Support Email: [email protected]
After discovering the breach, Capital One promptly addressed the security lapse and notified the FBI, although millions of dollars had already been stolen. Paige A. Thompson, the unauthorized hacker, was convicted in the Capital One data breach affecting over 106 million credit card holders in the US and Canada. This financial data breach ranks among the largest in US history.