As part of a $3.25 million data breach class action settlement, citizens who were notified in May 2021 that their personal information had been compromised in the USAA data breach may be eligible for compensation. Financial services company USAA has agreed to settle a nationwide class action lawsuit alleging that it failed to protect personal information during a cyberattack that exposed sensitive customer data. With the deadline for filing claims set for April 7, 2025, citizens should have already checked their eligibility and filed their claim if they qualify to secure their share of the settlement fund.
This is what you need to know about the massive USSA data breach
A data breach that was discovered around May 6, 2021, gave unauthorized parties access to personal data that USAA maintained, giving rise to the class action complaint. Names, contact information, and maybe more sensitive financial or account data were among the information that was made public. Despite denying any misconduct, USAA, a financial services provider that mostly assists military personnel, veterans, and their families, accepted the $3.25 million payment to end the legal dispute and prevent additional expenses and repercussions. Those citizens who were considered qualified to submit a claim were:
- Had the incident resulted in the compromise of their personal information.
- Had been officially notified by USAA that the compromised information was compromised.
To be eligible for the settlement, citizens have to submit legitimate claim forms by April 7, 2025. Those who submitted claims by the deadline had to provide proof that they were impacted by the breach, either by reproducing the notification they received or by presenting additional material that suggested personal information had been exposed.
How much money can affected people from the USAA data breach get?
An equal portion of the net settlement amount, currently $3.25 million before deductions, will be distributed to each class action participant. The ultimate payment, however, will be contingent upon:
- The overall quantity of claims that were filed
- The amount that has been subtracted from the settlement fee for court-approved administrative expenses and legal fees
- Are there any additional service awards for class representatives?
Although citizens who missed the time for filing their claims will not be compensated by this specific settlement, they might still be eligible to submit a claim for a different class action settlement, such as the one for the Enzo Biochem data breach. In any case, citizens who were not impacted by this data leak should not submit a false claim. The majority of eligible persons would have to show the notification they received from USAA to get a portion of the money. Other qualifying class action members may suffer injury if fraudulent claims are submitted. Since this is a legal matter, citizens who were not impacted by the data leak should not even think about filing the claim because it could result in perjury or a punishment.
What are the next steps in the process after you have filed a claim?
On May 21, 2025, the final approval hearing will be held. Settlement payments will then start to be made if there are no appeals that cause the procedure to be delayed. After this final court clearance, the majority of qualified members should receive their settlement check via mail a few weeks or months later. People who were impacted by this data breach or another, such as the one at MGM International Resorts, should not be denied compensation.
Filling out most claim forms is rather simple. In the majority of data breach cases, all that is needed to get a portion of the settlement money is a simple notification from the relevant company. You can visit Top Class Actions to learn more about this settlement and information on how to submit a claim.
