Last day for Americans to claim compensation from Fidelity data breach settlement
Fidelity Investments has reached a $2.5 million class-action settlement following a cybersecurity incident in August 2024 that exposed the personal information of over 77,000 customers. Eligible individuals have until July 27, 2026 to file claims for compensation. Those who can document out-of-pocket losses may receive up to $5,000, while others could be eligible for a pro rata share estimated at around $100. The breach occurred when attackers accessed Fidelity's systems and obtained customer data including account and routing numbers. The company denied wrongdoing but agreed to settle the lawsuit after plaintiffs alleged inadequate security measures and delayed notification of affected users. Claims must relate to expenses incurred between August 17, 2024, and July 27, 2026. This settlement highlights growing cybersecurity risks in financial services as cybercriminals increasingly target platforms holding sensitive data.
Topics: class-action settlement cybersecurity Fidelity Investments