Victims of a data breach that placed personally identifying information of hundreds of thousands of people at risk are set to get paid in a new settlement.
According to the settlement administrator’s portal, the Chicago-based global insurance broker Hub International will pay $4.65 million to settle a class action lawsuit that accused it of enabling a “massive and preventable data breach” between December of 2022 and January of 2023.
The breach affected approximately 479,261 individuals and potentially exposed information including social security numbers, financial account details, passport numbers, driver’s license numbers and other sensitive data.
The payments will vary with settlement class members who provide documented evidence of monetary losses related to the data breach eligible to receive up to $5,000 each.
In the absence of documented monetary losses relating to the data breach, settlement class members will receive a cash payment of $150. Victims of the data breach are also eligible to receive credit monitoring and identity theft protection services for two years.
The settlement class members consists of all US residents whose information was impacted and/or who were notified of the data breach. Claims must be submitted by September 8th with the final approval hearing slated to be held on October 6th.
The class action lawsuit accusing Hub International of negligent data security practices was filed in September of 2023.
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