🔥 Trending Fidelity Data Breach Settlement: What You Need to Know

The Fidelity data breach settlement is a resolution to a class-action lawsuit concerning a data breach that occurred in August 2024 ⁵⁷⁸. Fidelity Investments, specifically FMR LLC and Fidelity Brokerage Services, agreed to pay $2.5 million to settle claims that it failed to protect sensitive customer information ⁸¹⁰.

What Happened?

Between August 17 and 19, 2024, an unauthorized third party gained access to personal information held by Fidelity Investments ¹⁰. Although the specific details of the breach are not extensively detailed in the provided sources, the settlement addresses the alleged failure of Fidelity to prevent this incident ⁸.

Who is Eligible for the Settlement?

Individuals who received a notice from Fidelity regarding the August 2024 data breach may be eligible to claim a portion of the settlement ⁴.

How Much Can Claimants Receive?

The settlement offers different tiers of compensation:

• Baseline Payout (No Proof Required): Eligible individuals can claim approximately $100 in cash without needing to provide documentation of losses ¹⁶.
• Documented Losses: For those who experienced out-of-pocket losses directly due to the data breach, the settlement allows for claims of up to $5,000 with proper documentation ¹⁴⁶⁹.
• California Residents (CCPA): California residents may be eligible for an additional $50 under the California Consumer Privacy Act (CCPA) ¹.
• Credit Monitoring: The settlement also includes two years of free credit monitoring services ¹⁷.

The total settlement fund is $2.5 million ²⁵⁸. The exact amount an individual receives can vary based on the type of claim filed and the number of valid claims submitted ⁹.

Key Dates and Deadlines

The deadline to file a claim for the Fidelity data breach settlement is July 27, 2026 ¹⁶. It is advisable to visit the official settlement website (fidelitydatasettlement.com) for the most up-to-date information regarding dates and procedures ³.

How to File a Claim

While the specific steps are not detailed in the provided sources, generally, individuals who received a notice of the breach should have received instructions on how to file a claim. The official settlement website and the settlement administrator (contactable at info@FidelityDataSettlement.com or (833) 386-6470) are the primary resources for claim submission ³.