Don’t Miss Out! How to Secure Your Part of the $900K Paycom Data Breach Payout

According to The Sun , The deadline is fast approaching for Americans affected by a data leak involving Paycom, as they stand to claim a portion of a $900,000 settlement. The class action lawsuit arose after allegations that Paycom inadequately protected customer data, resulting in a breach that compromised personally identifiable information. While the company does not admit any wrongdoing, the settlement will allow affected individuals to claim significant compensation.

What Affected Individuals Can Claim

• Out-of-Pocket Losses: Individuals who can document losses related to the breach may receive up to $2,500 each. This amount can cover expenses such as credit monitoring or costs incurred from identity theft.
• Time Spent Addressing Issues: Claimants can also request compensation for time spent resolving identity theft or fraud, which is compensated at a rate of $25 per hour, totaling up to $100.
• Higher Claims for Fraud Victims: Those who can demonstrate losses due to fraud or identity theft may claim up to $4,200.
• Credit Monitoring Services: Affected individuals can also apply for three years of credit monitoring services as part of the settlement.

The breach, which took place between July and October 2023, reportedly involved unauthorized access to client details via MOVEit Transfer, a secure file transfer application. The lawsuit contends that Paycom did not implement sufficient cybersecurity measures to protect client information.

Also Read – $8,046 Checks Coming Soon: Discover the 7 Criteria You Must Meet to Qualify!

Important Deadlines

• Claim Submission: The final date to submit claims is November 7, 2024. Failing to submit a claim by this date will result in ineligibility for the settlement funds.
• Exclusion and Objection: The deadline for exclusions or objections is also November 7, 2024.
• Final Fairness Hearing: A hearing to finalize the settlement will take place on December 13, 2024.

Other Recent Breach Settlements

Paycom is not alone in facing repercussions from data leaks. Oracle America, Inc. also dealt with a significant class action lawsuit, leading to a $115 million settlement. This case revolves around claims that Oracle unlawfully collected and sold personal data without user consent since August 19, 2018. The final date to submit claims for the Oracle settlement was October 17, 2024.

For more detailed information about the Paycom lawsuit and settlement process, you can visit the official sources or news outlets covering this story.