Capital One Data Breach Settlement 2025 – Know Amount, Eligibility & Payment Dates

On: Saturday, April 19, 2025 7:42 AM

Capital One Data Breach Settlement 2025 – Know Amount, Eligibility & Payment Dates (1)

Capital One Data Breach Settlement 2025: Biggest financial security lapse of 2019 and compensation to last till 2025 In today’s digital world, as important as the security of data is, its leak is equally dangerous. In the year 2019, one such big incident happened with Capital One, a leading US financial services company, which put the personal and financial information of about 98 million people at risk. Due to this cyber attack, people’s personal information such as name, address, social security number, bank account information, credit score, etc. got leaked online. This not only increased the risk of identity theft, but also created financial instability for millions of people. In this article, we will know in detail every aspect related to this data breach – how many got compensation, who got how much, can you still avail the benefit, and till when is this facility available.

What was the Capital One data breach?

In 2019, a former AWS (Amazon Web Services) employee took advantage of a security flaw in a cloud storage system of Capital One and stole sensitive data of crores of people.
This cyber attack raised questions about the security of financial institutions in the US. After this breach, the company had to pay a class action settlement of $190 million and a fine of $80 million.

What information was stolen?

The following information was leaked in this breach:

Full name and address
Social Security number (more than 140,000 people affected)
Bank account details (of about 80,000 account holders)
Credit score and limit
Payment history and transaction details
However, it was a matter of relief that no one’s password or credit card CVV number was leaked. Still, with this information it becomes very easy to open fake accounts, take loans, or carry out phishing attacks.

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What action was taken against Capital One?

The company faced the following penalties and responsibilities after the data breach:

A class-action settlement of $190 million, which compensated affected customers.
A fine of $80 million was imposed by US regulatory bodies.
Forced to implement strict cybersecurity measures.

Who were eligible for this compensation?

Those who were eligible for this compensation were required to fulfill the following conditions:

They must have a Capital One account or credit card between September 1, 2015 and January 12, 2022.
They must be US residents.
It was necessary to provide evidence of actual financial loss caused by the data breach.
They had to submit the Claim Form before September 30, 2022.

How much amount was received and what were the benefits?

Financial Compensation

Out-of-Pocket Losses: People who suffered losses due to fraud or security measures received an amount of up to $25,000.
Time Compensation: Compensation for time spent solving fraud at the rate of $25 per hour up to a maximum of 15 hours.
General Compensation: People who did not suffer any special loss also received an amount ranging from $50 to $250.

Identity Protection Services

Credit Monitoring: Monitoring financial activities.
Fraud Alert and Insurance: Prevent identity theft and protect against loss.
Identity Restoration Service: Expert assistance to deal with any fraud.
Note: These services are available absolutely free till February 13, 2028.

What can you still do?

Although new financial claims can no longer be made, if you previously filled out a Claim Form and have not yet enrolled for Identity Protection Services, you can still take advantage.

How to enroll:

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Visit the website: capitalonesettlement.com
Enter your Claim ID or registered email.
Enroll in Identity Protection Services.
Monitor your credit report and transactions.

What did we learn from this data breach?

Data security is extremely important especially for financial institutions.
The consequences of a cyber attack are far-reaching, causing problems for years.
Identity protection services are now a necessity, not a luxury.
Customers should remain vigilant and keep checking their financial activities from time to time.

Conclusion:

The Capital One data breach is a great example of security lapses in the modern technology age. While this incident compensated those affected financially, it also taught us just how important it is to protect our personal information today.If you were affected by this data breach and have not yet enrolled in Identity Protection Services, visit capitalonesettlement.com immediately to confirm your benefits. If you were a Capital One customer at the time of this data breach and filed a claim, you still have the opportunity to take advantage of Identity Protection Services, which are offered free of charge through February 13, 2028. If you have not taken this step yet, you are not only ignoring the threat of this breach, but also inviting potential financial problems in the future.

FAQs

Q.1 Can I still file a claim?

A. No, the last date to file claim was 30 September 2022. But those who had filed the claim on time can still avail the remaining services.

Q.2 How to know if I was eligible or not?

A. If you had a credit card or banking service from Capital One at that time and received an email or notification related to the data breach, you were considered eligible.