Capital One Class Action Settlement Claim – January 2025
This class action settlement in favor of Capital One Bank is connected to the cyberattack and data leak incident that occurred in the year 2019. The effects of this data breach comprised the leakage of personal information of millions of citizens of the United States** and the consequential financial loss. To indemnify against the said loss, the bank has decided to pay out $190 million, with the compensation for each eligible individual being capped at $25,000.
January 21, 2025, has been set as the deadline with regard to this class action settlement; therefore, anyone who has already filled the Capital One Class Action Settlement Form 2025 may benefit from this scheme. The scheme may cover individuals whose personal identity information was leaked because of the cyber attack.
Anyone who wants to learn and ensure about his/her own eligibility to benefit from the claim can find the information below.
Capital One Class Action Settlement Claim – What is this case?
Capital One Bank is a leading financial institution in America, but in 2019 its servers suffered a massive cyber attack, which leaked sensitive data of 98 million US citizens.
| ost Title | Capital One Class Action Settlement Claim Jan 2025 |
| Bank Name | Capital One Bank |
| Settlement Name | Capital One Class Action Settlement |
| Country | USA |
| Total individuals | 98 million |
| Lawsuit | Information breach |
| Settlement amount | $190 million |
| Settlement per individual | $25000 |
| Settlement mode | Online |
| Final date of settlement | 21 January 2025 |
| Post type | Finance |
Effects of data leak:
- Customers’ personal information, bank account details, credit card and debit card information were stolen.
- Many people suffered financial loss due to this cyber crime and their financial information was misused.
- The bank admitted the mistake and announced a compensation of $190 million to provide relief to the affected people.
The last date for this settlement claim is set as January 21, 2025, and the bank started the payment process from September 28, 2023.
This compensation will cover out-of-pocket expenses, identity theft, and other losses related to fraud.
Capital One Bank Class Action Lawsuit 2025 – Key Points
- Why has the lawsuit been instituted?
- A cyber attack by an unauthorized individual in 2019 gave the intruder access to Capital One Bank’s server systems, thereby compromising personal information of some 98 million customers. – The breach allowed for the masking of its customers’ sensitive information related to credit cards and debit cards. – Due to the data leak, many suffered financial losses and became victims of fraudulent activities. – Therefore, a class action suit was instigated against the bank, which eventually agreed to compensate affected persons for the loss.
- Who will get this compensation?
- Citizens of the United States, whose personal information was leaked in the 2019 cyber attack.
- People who have suffered financial loss due to this data leak can apply for this settlement claim.
- The affected person must have received a notice from the bank confirming that they are eligible for this claim.
- What will be the amount of compensation?
- Capital One Bank has set aside a total fund of $190 million, which will be distributed among the affected people.
- Each eligible person can get a maximum compensation of up to $25,000, which will be decided based on the compensation of their loss.
How to apply for Capital One Bank class action settlement?
If you were affected by this 2019 data leak and are eligible for this settlement, then you can follow the application process given below:
- Visit the official website of Capital One Class Action Settlement
- Fill the settlement claim form, which will include your personal information and bank related details.
- Upload documents related to your identity and financial loss, to prove that you have suffered losses due to this cyber attack.
- After submitting the form, your application will be reviewed and you will be compensated if found eligible.
- Settlement payments have started from September 28, 2023, but the last date for completing all payments is January 21, 2025.
If an eligible individual does not receive a payment by January 21, 2025, he or she may have to wait for some time, as it may take time for the bank to complete all payments.
Is this claim true? (Fact Check on Capital One Class Action Settlement 2025)
Claim: Capital One Bank will pay a total sum of $190 million to the affected individuals and each individual will receive compensation of up to $25,000.
Fact Check:
Fact – This case is related to a 2019 data breach and the bank has agreed to pay $190 million as a settlement.
Fact – Eligible individuals may receive a maximum payment of $25,000, but this will be decided based on their actual losses.
FACT – Settlement payments will begin September 28, 2023 and will be finalized January 21, 2025.
However, each affected individual will not necessarily receive the full amount of $25,000. The amount will be determined based on economic losses, identity theft, and other fraud-related expenses suffered by the individual.
Conclusion
Capital One Bank was sued for a class action lawsuit due to a data breach in 2019. The bank has admitted that information of 98 million US citizens was leaked, and a settlement fund of $190 million has been created to compensate for the loss.
If you were affected by this data breach, you should apply to avail the benefits of this settlement claim. Submitting a settlement claim form is mandatory, and if found eligible, you can get a maximum compensation of up to $25,000.
January 21, 2025 is the final settlement date for this class action settlement, so eligible people should make sure they apply on time.
If you still have any doubts, you can get the latest updates by visiting the official website of Capital One Bank.
FAQs
What was the Capital One class action settlement about?
The settlement was related to a data breach affecting millions of customers, compensating those impacted by the security incident.
Who was eligible for the Capital One settlement?
Individuals whose personal information was compromised in the Capital One data breach were eligible to file a claim.
When did the Capital One class action settlement end?
The deadline for claims ended in January 2025, and no new claims are being accepted.
