Fidelity Customers Have Until July 27 to Claim Compensation from $2.5 Million Data Breach Settlement
Eligible Fidelity Investments customers have until July 27, 2026, to file a claim in a $2.5 million class-action settlement related to a data breach that occurred between August 17 and 19, 2024. The incident exposed the personal information of over 77,000 customers, including account details such as routing numbers. Those who can document out-of-pocket losses may receive up to $5,000 in compensation. Fidelity denied wrongdoing but agreed to settle after plaintiffs claimed it failed to adequately protect customer data and delayed notification by about two months. The settlement includes a pro rata cash payment for those without documented expenses, estimated at around $100 per claimant depending on the number of claims filed. Claims can be submitted online or via mail. The breach highlights growing cybersecurity risks in financial services as cybercriminals increasingly target platforms holding sensitive data.
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Topics: class-action settlement cybersecurity Fidelity Investments