Get all the latest updates on Capital One Claim Form 2025: Who is Eligible and What is the Settlement Amount? The Capital One Settlement agreement was signed to compensate the individuals who faced financial loss due to information leaks through the credit cards. The lawsuit was filed against the data breach. This article will briefly describe the Capital One Settlement for those who have been prey to the cyberattacks.
Capital One Claim Form 2025
In July 2019, Capital One had a big data breach in which the personal information of millions of individuals got leaked. Capital One is considered as big credit card issuer in the US, and the breach exposed the personal details of its users. The breach includes the leak of information like credit scores, names, addresses, and payment history. Thus, a lawsuit filed against it, which ended up with a $190 million settlement in 2021.
The US citizens who were affected by the breach will be provided with the settlement amount. There are around 98 million citizens were affected by the breach. To get compensation, individuals have to submit the claim form prior to its deadline either online or can obtain the form by contacting higher officials. However, the timeline provided for submitting the claim form has ended.
Who is Eligible For Capital One Settlement?
In order to receive the Capital One settlement payout amount, there are certain qualifying parameters designed by the government to ensure that the payment will transferred only to authentic individuals. Some of these qualifying parameters are as follows:
- Individuals should have permanent residency in the US, along with verified citizenship.
- Individuals should be the target of cyber attackers who suffered the information breach in 2019.
- The payout is only provided if claimants fill out their claim form within the provided timeframe or prior to the deadline, which is 27 November 2023.
- Individuals who get the notification which is stating their entitlement to the settlement might be eligible for the claim.
To get to know more details regarding the entitlement, readers can refer to the authentic web portal of the lawsuit settlement.
What is the Capital One Settlement Amount?
The Capital One Settlement was agreed with the compensation of around $190 million to the 98 million US citizens. It is anticipated that per person might receive an amount of approximately $25000. The fund distribution might be handled through the Epiq pay. Moreover, all the communication regarding the payouts will be done through e-mail to ensure safe and efficient fund distribution.
People who are affected by the breach will receive the payout to cover the cost of incidents, such as fraud charges, identity theft expenses, and fees for the data security improvement. In addition to this, they can claim compensation for the time lost due to the breach. People might receive a payout of $25 per hour for up to $15 hours.
Capital One Settlement Payout Date
The compensation amount is provided to ease the inconvenience caused due to the information breach. Compensation is not only about money but also about acknowledging and recognizing the challenges faced by citizens due to personal information leaks. The settlement acknowledges the concerns and assures the affected citizens to provide them fair compensation.
Individuals who claim the compensation prior to its deadline, which is 27 February 2025, can receive the payout. The bank has been providing compensation to individuals since 27 September 2023, and it continues to do so. However, the exact dates are not provided and will only be confirmed by the authorities. Thus, stay informed on the main website of the legal news.
All We Know
The Capital Bank of the US is the financial agency. Recently, cybercrime is also considered as huge threat to people, and it tends to lose huge amounts of money. The information can be leaked at any time, and thus, the debit and credit cards have become risky. As per the recent news, millions of Americans were targeted, and their personal information through their credit cards got leaked.
The breach case of personal information leakage in 2019 was settled with an agreement of compensation of $190 million to the affected citizens. The entitled citizens can get compensation for their loss. However, there are certain categories who cannot claim compensation, such as officers and directors of Capital One and Amazon, the judicial staff and judge who handled the lawsuit, and others.
For more details, viewers are requested to refer to the main website of the Settlement Lawsuit. Moreover, for any query, they can reach out to the authorized authorities and to receive upgraded information on the Capital One Bank Settlement, check out this web page regularly.