Capital One Settlement 2025 – Know eligibility & Apply Online at capitalonesettlement.com

As a matter of fact, the Capital One Settlement 2025 is the result of a massive data breach that took place in 2019 and exposed personal information of over 98 million customers. Given the severity of the problem, the company was forced to set up a settlement fund of $190 million (roughly Rs. 1,500 crores), which was later distributed to the angry customers.

Although the deadline for compensation was 30 September 2022, some of the victim services of the data breach can still be accessed until 2028, such as identity theft cover and recovery from fraud.

What happened in 2019?

There was a massive cyber attack on the network of Capital One company in July 2019 when customer information of millions were leaked. They contained such data as bank account numbers, social security numbers, credit card applications, addresses and names, payment history and credit scores.

One of its former software engineers was stuck in this cyber attack that had leaked the customer data asking for credit cards during 2015-2019. Because of this, the company faced colossal pressure and needed to make colossal changes in its cyber security.

How ​​was the settlement amount and compensation given?

Capital One had set aside $190 million as a settlement fund for this data breach, which paid the victims for their loss. Apart from this, the US government also levied a fine of $80 million on the company.

The payment was made to customers in two tranches in 2023 and 2024. While some were paid in cash, others were paid in terms of services like identity theft protection.

Who was eligible?

Some of the qualification criteria were carried over to the settlement:

• You need to have a Capital One credit card or account between September 1, 2015 and January 12, 2022.
• You need to be a US citizen.
• You need to have suffered any loss of funds or identity theft due to the breach.
• You need to have submitted documents with a valid claim before the September 30, 2022 deadline.

What compensation was received?

The victims of this data breach were paid two types of compensation:

1. Compensation monetarily:

• If funds were fraudulently withdrawn from your account or were used for security, you were paid up to $25,000.
• If time was lost in catching and correcting fraud, you were compensated at the rate of $25 per hour up to a maximum of 15 hours.
• They who were not otherwise materially affected overall also are receiving compensation in the amount between $50 and $250.

2. Protection Services:

• They are offering free identity theft and fraud recovery services, which will remain active until February 13, 2028.
• However, it comes with amenities such as credit report monitoring, transaction monitoring and protection against unauthorized transactions.

Although the time period to make a claim for compensation has elapsed, you are still able to go to CapitalOneSettlement.com and avail of the protection services:

• Sign in using registered email ID and claim ID.
• Then choose the credit monitoring and identity protection option.
• Monitor your transactions periodically and inform about any dubious transaction.
• These protection services will be up to 2028, hence register early.

The Capital One Data Breach 2025 is something about data protection. The breach, besides enlightening the victims, warned other financial institutions of strengthening their cyber protection. If you are also one of the victims of the data breach and did not previously file for a claim, then at least make use of identity protection services.

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