In July 2019, a notorious hacker gained unauthorized access to the personal data of 106 million Capital One credit card applicants and holders in the US and Canada. Fast forward to 2023, and the victims are now on the verge of receiving compensation through the Capital One Settlement, a landmark class action settlement. Read the complete article to know the complete info.
The Hacker’s Impact: A Breach of Trust
Hacker Paige A. Thompson orchestrated a cyberattack that compromised payment histories, zip codes, contact information, social security numbers, and credit ratings of millions of Capital One customers. Despite the swift response by Capital One in repairing the security flaw and involving the FBI, the aftermath was a staggering loss for numerous account holders.
Capital One Settlement Status
The corporation has formed a $190 million Settlement Fund with other advantages to resolve claims immediately. Settlement claims may be made from 28 September 2023 until November 27, 2023. The Capital One Settlement Claim was finalized on September 13, 2022, after the suspected hacker was convicted in the data breach.
1. Eligibility and Claim Form Submission
To be eligible for compensation, affected customers needed to file a valid claim for missed time and/or out-of-pocket expenditures by September 30, 2022. The official claim form, provided by the settlement administrator, required participants to submit their Unique ID and PIN along with supporting documentation such as bank statements, receipts, invoices, and canceled checks.
2. Authenticating Payments from EpiqPay
Claimants who met the requirements and provided a working email address received notifications from [email protected]. The settlement administrator initiated payments on September 28, 2023, and those who opted for digital payments could claim their settlement money by clicking the “Claim Payment” link before the November 27, 2023, deadline.
3. What Happens to Unclaimed Digital Payments?
Digital payments left unclaimed, including refunds or transfers, typically remain in the recipient’s digital wallet or account. However, specific policies regarding unclaimed digital payments may vary among different platforms and services.
Looking Ahead: Future Considerations
While the lawsuit filers emerged victorious, potential appeals could lead to delays in the payout process. Claimants must submit their paperwork before the deadline to ensure eligibility for the settlement sum.
Conclusion: Closing the Chapter on the Capital One Data Breach
The Capital One Settlement stands as a pivotal moment in seeking justice for those affected by the unauthorized access to sensitive personal data. As claimants navigate the compensation process, the November 27, 2023, deadline marks the culmination of a journey toward resolution and restitution.
Q. How do I claim a Capital One settlement?
A. It is important for you to send documents that show what happened and how much you lost or spent, so that you can be reimbursed. To look up more details about how cash payments work, visit www.CapitalOneSettlement.com or call toll-free 1-855-604-1811.
Q. How do I know if I was affected by Capital One settlement?
A. You can also confirm you are a Settlement Class Member, and eligible for benefits, by calling 1-855-604-1811 (Toll-Free). Excluded from the Settlement are: Officers and directors of Capital One and Amazon; The presiding judge and any judicial staff involved in the lawsuit; and.
Q. Is Capital One refunding money?
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- 1 The Hacker’s Impact: A Breach of Trust
- 2 Capital One Settlement Status
- 3 Navigating the Capital One Settlement Process: A Step-by-Step Guide
- 4 Looking Ahead: Future Considerations
- 5 Conclusion: Closing the Chapter on the Capital One Data Breach
- 6 FAQs