TIME is running out to get money from a data breach settlement, and you don’t even need any proof to qualify.
The direct payment opportunity comes after a lawsuit was filed against the software company Paycom.
A recent class action lawsuit could benefit some Americans (stock image)[/caption]
A settlement has been reached in the suit after a data breach in 2023 (stock image)[/caption]
Paycom will pay out $900,000 to some clients[/caption]
Paycom provides payroll and human resources technology to thousands of businesses.
Plaintiffs in the suit claimed Paycom failed to protect clients’ personal information from being compromised in a 2023 data breach, per a website created for the case.
During the breach, a hacker allegedly accessed details from clients through MOVEit Transfer, a secure file transfer application.
The suit claims that Paycom failed to implement ample cybersecurity measures to prevent the data breach.
Paycom has not admitted to any wrongdoing but agreed to a $900,000 settlement pot to resolve the claims and avoid further legal costs.
Qualifying clients must meet a few crucial criteria to get their portion of the cash.
ELIGIBILITY
First, they must reside within the United States.
Additionally, those who seek compensation must have had their personal information with Paycom accessed during the period of the breach between July and October 2023.
Those affected would’ve been notified by Paycom of their compromised information at some point afterward.
They would’ve also gotten a postcard notice about the settlement with a Claim Login ID and Claim Login PIN printed on it.
Those who can’t find that information but got a postcard can contact the class administrator by phone at (844) 804-3284 or email at info@paycomdatasettlement.com.
FILING A CLAIM
The Claim Login ID and Claim Login PIN are vital to filing a claim online through the settlement website.
Given that Paycom already knows the information about which clients were affected and who lost cash, there is no documentation required to prove the losses when filing.
A deadline of November 7, 2024, has been set to file a claim.
What’s a class-action settlement?
Class action lawsuits offer groups of people, or ‘classes,’ a way to band together in court.
These suits are often brought by one or a few people who allege a company or other entity has wronged a large group of people.
When a suit becomes a class action, it extends to all “class members,” or people who may have similar complaints to those who filed the suit.
Companies often settle class actions – offering payment to class members who typically waive their right to pursue further legal action by accepting money.
These payout agreements frequently include statements by the defendant denying wrongdoing. Companies tend to settle class actions to avoid the costs of further litigation.
Pollution, discrimination, or false advertising are a few examples of what can land a class action on a company’s doorstep.
The exclusion and objection deadline is set for the same date.
A final hearing for the settlement’s approval will be on December 13, 2024.
Failing to file by the date could result in clients missing out on thousands of dollars.
PAYMENT
The amount of money distributed to each person will depend on several factors.
Those who have documented out-of-pocket losses due to the breach itself can claim a maximum of $2,500 per person.
That includes up to four hours of lost time fixing identity fraud related issues, like credit monitoring, freezing credit reports, etc.
It’s given at a rate of $25 per hour for $100 per person.
Those who have losses that stem from identity theft after the breach exposed their information can claim $4,200, along with three years of credit-monitoring services.
Americans should be aware of other data breach settlements as well.
Select hotel guests can get up to $4,000 if they file an online form soon.
Cash App users could also obtain checks worth $2,500 in a $15 million data breach settlement.
