Capital One Settlement 2025 – Know Eligibility & Compensation Amount

Capital One Settlement 2025: Resultant of 2019 data breach is the Capital One settlement 2025. This has impacted more than 98 million customers. The deadline of getting compensation is over back in 2022 but those who are affected can still utilize identity protection and fraud restoration services until 2028. In this article, “Capital One Settlement 2025” you can know about the eligibility criteria, the distribution of payments and the ongoing benefits that are still accessible.

Capital One Settlement 2025 Overview

In recent years U.S has seen many lawsuit cases. One of the major settlement consumer compensation cases in this one. This Capital One Settlement 2025 was happened for a data breach placed in 2019 that compromised the personal information of over 98 million customers. As a settlement price, Capital one was levied a total settlement fund of $190 million to those who are impacted in the data breach.

They got a chance to receive compensation for their losses. This settlement of $190 million was approved to provide compensation to impacted customers. The eligible candidates can submit their Capital One Settlement 2025 claims for reimbursement of direct financial losses, time spent dealing with fraud and ongoing identity theft protection. Initially as a refund, the applicants got their due in 2023 and 2024 and there is an extension that the protection benefits that will remain available until 2028.

Highlights of Capital One Settlement 2025

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History of Capital One Settlement – Capital One Credit Cards

• The incident was happened in 2019. In July, 2019 Capital One has experienced a severe data breach that revealed sensitive customer information like Social Security numbers, bank account information, credit card applications and personal details. This was actually huge on a ground of identity and privacy breach.
• A former employee who was a software engineer was involved in that data breach and impacted around 98 million customers. 
• As a settlement amount the Capital One agreed to pay $190 million to compensate customers who faced financial losses or had to invest time in fraud prevention efforts. 
• This data breach has impacted the individuals who applied for Capital One credit cards from 2015 to 2019. 
• Much information was leaked including 140,000 Social Security numbers and 80,000 linked bank account numbers.  Also names, addresses along with credit scores and payment histories of customers were also leaked.
• Lack of cyber security was the key factor for this data breach and as a result Capital One took steps to enhance its cyber security protocols to avoid similar incidents in the future. And the process is ongoing.
• Many customers experienced financial fraud and identity theft as a result of the breach. 
• This incident made aware to other financial players as an example to get their learning.

Compensation Amount of Capital One Settlement

To compensate Capital one has agreed on a $190 million settlement to address the claims of affected customers after the breach. That company got a notice of $80 million as penalty from U.S. authorities. As a result they have tightened their security protocols. The situation serves as a vital reminder for financial institutions to adopt proactive security measures.

Eligibility Criteria for Capital One Settlement

The Capital One Settlement claim can be done by the eligible customers only. So before claiming you have to check your eligibility for settlement amount.

• The claimant must have an active Capital One account or credit card from September 1, 2015 to January 12, 2022.
• They must be residents of the U.S. at the time of the data breach.
• They must have carried all the proof of financial losses or identity theft resulting from the breach.
• The claimants have to submit a valid Capital One Settlement claim form along with supporting documents before the deadline of September 30, 2022 which is over now.

What actually the Applicants got in Return?

• The claimants have got both cash settlement as well as safety in security services.
• In terms of financial assurance they got payouts. The claimants who are the victims of Victims with unauthorized charges, fraud-related costs or expenses for security improvements could claim up to $25,000.
• The claimants who have wasted their time in finding out the fraud, they have received $25 per hour for a maximum of 15 hours.
• As in general compensation, those Individuals haven’t bearded any significant financial losses were still eligible for compensation ranging from $50 to $250 based on the number of valid claims.
• Then on the ground of security and safety, there is ongoing identity restoration program going on. It will last up to 13^th of February, 2028.
• The professionals are giving supportive services to those applicants who are still facing identity theft challenges.
• Along with this service applicants are getting free monitoring of financial transactions and credit reports and extra protection against unauthorized financial activities.

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Steps to Apply for Capital One settlement Claim?

• They can log in by giving their claim ID and registered email ID.
• After signing up they have to choose for credit monitoring and identity theft protection. 
• You have to consistently monitor for any unusual activity and report any unauthorized transactions. 
• Claimants are highly encouraged to register before the 2028 deadline to make the most of their benefits.