Last Chance to Score $4,200 from $900,000 Data Breach Settlement—Easy Cash Claim!

According to The Sun, Time is running out for individuals to claim their share of a settlement related to a data breach involving the software company Paycom. Notably, those affected do not need to provide any proof to qualify for compensation.

Background of the Lawsuit

The lawsuit was filed against Paycom, which provides payroll and human resources technology to thousands of businesses. Plaintiffs alleged that the company failed to adequately protect clients’ personal information during a data breach that occurred in 2023. The breach reportedly involved unauthorized access to client data through MOVEit Transfer, a secure file transfer application. While Paycom has not admitted any wrongdoing, it has agreed to a $900,000 settlement to resolve the claims and avoid incurring further legal costs.

Eligibility Requirements

To qualify for compensation, individuals must meet the following criteria:

• Residency: Must reside within the United States.
• Data Compromise: Personal information must have been accessed during the breach, which took place between July and October 2023.
• Notification: Affected individuals should have received a notification from Paycom about the compromised information, along with a postcard that includes a Claim Login ID and Claim Login PIN.

For those who cannot find their Claim Login ID and PIN but received a postcard, they can contact the class administrator at (844) 804-3284 or email [email protected] for assistance.

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Filing a Claim

The Claim Login ID and Claim Login PIN are essential for submitting a claim online through the settlement website. Importantly, no documentation is required to prove losses, as Paycom already has records of affected clients. The deadline to file a claim is set for November 7, 2024, and this date also applies to the exclusion and objection deadlines. A final hearing to approve the settlement will take place on December 13, 2024. Failing to file by the deadline could result in individuals missing out on substantial compensation.

Payment Details

The amount distributed to each claimant will vary based on several factors:

• Out-of-Pocket Losses: Individuals with documented out-of-pocket losses due to the breach can claim up to $2,500. This includes compensation for up to four hours of time spent addressing identity fraud issues, such as credit monitoring and freezing credit reports, calculated at a rate of $25 per hour.
• Identity Theft Losses: Those who experienced identity theft as a result of the breach can claim up to $4,200 along with three years of credit-monitoring services.

Other Data Breach Settlements

Consumers should also be aware of additional data breach settlements that may provide further compensation. For instance, select hotel guests could receive up to $4,000 by filing an online form, while Cash App users may be eligible for checks worth $2,500 as part of a $15 million data breach settlement.