Update 9/27/23: Payout email went out today at $282.92 (ht reader bullmeister)

Short Version

As previously reported, Capital One has agreed to $190 million class settlement over a data breach that affected around 98 million U.S. residents. The agreement provides Identity Defense Services and also Restoration Services to those whose data was breached. It also provides cash payments to those who had actual Out-of-Pocket Losses (e.g. paid for credit freeze) and for Lost Time.

If eligible you would have received a unique ID and PIN to file a claim.

Class Action main link | Submit A Claim | FAQ

Longer Version

In July 2019, Capital One announced that it had been the victim of a criminal cyberattack on its systems. The attacker gained unauthorized access to the personal information of approximately 98 million U.S. consumers. The specific information accessed for each person included some combination of people’s names, addresses, zip codes/postal codes, phone numbers, email addresses, dates of birth, self-reported income, credit scores, credit limits, balances, payment history, contact data, and/or fragments of transaction data from a total of 23 days during 2016, 2017 and 2018. In addition, about 120,000 Social Security numbers and 80,000 linked bank account numbers were accessed.

Our Verdict

Given that 98 million of us are eligible for this settlement, I’m surprised we haven’t heard more about it from people who got the ID and PIN number to file. In any case, there’s no cash offering here unless you lost actual time/money over a breach which hopefully does not apply to most people. You can get more identity protection services if that interests you.

Hat tip to reader RM


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