Capital One Settlement Claim Closed – Last Update and Payout Details (February 2025)

Capital One Settlement Claim Closed – Capital One Bank, a reputed US financial institution, faced a major cyber attack in 2019. During this cyber attack, sensitive information of about 98 million US citizens was leaked. This data leak included bank account information, credit and debit card details, and other personal information.

This incident caused huge financial losses to the affected individuals and their financial information was also misused. The bank has admitted its mistake and has set up a settlement fund of $190 million (about ₹1,600 crores), which will compensate the individuals affected by this incident. Let us know about this important settlement in detail.

2019 Cyber ​​Attack: What was the matter?

In July 2019, Capital One Bank revealed that there was a major cyber attack on their system, due to which the personal information of millions of customers was leaked. A former software engineer carried out this attack by exploiting a weakness in the bank’s cloud infrastructure. This data leak caused financial loss to many customers and led to issues like identity theft.

Leaked Information

• Bank Account Information
• Credit and Debit Card Details
• Social Security Number
• Personal Information like Name, Address and Date of Birth

This data leak led to unauthorized transactions in the accounts of many people, which affected their financial situation.

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Settlement Details: Compensation and Eligibility

Capital One Bank has created a fund of $190 million to compensate the individuals affected by this leak. Its purpose is to compensate the victims for their financial losses.

Key Details of the Settlement:

Process to Receive Compensation

If you have been affected by the 2019 data leak and are eligible, submit your claim through the following process:

Step 1: Visit the Official Website

• Visit the official website of the Capital One Class Action Settlement: CapitalOneSettlement.com.

Step 2: Fill the Claim Form

• Enter your personal information and bank details.
• Detail your financial loss.

Step 3: Upload the required documents

• Upload your identity proof (like a government ID)
• Proof of unauthorized transactions and financial loss (bank statements, receipts, etc.)

Step 4: Submit the form

• Check all the information and submit the claim form.
• After submission, you will receive a reference number, which allows you to track the status of your claim.

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Is this claim genuine? (Fact Check)

Fact: Capital One Bank has agreed to a $190 million settlement. Fact: Eligible individuals will receive compensation of up to $25,000 based on their losses. Fact: The payment process started on September 28, 2023, and will end on February 21, 2025.

Important things you should know

• This compensation is available only to individuals whose information was leaked in the 2019 cyberattack.
• If you have received an official notification from Capital One Bank, you can apply.
• All eligible applicants must submit their claim before February 21, 2025.

Conclusion

The 2019 Capital One data leak was a serious cybersecurity lapse that affected the private information of 98 million people. As a result, the bank established a $190 million settlement fund.

This settlement provides relief for individuals who suffered financial losses due to the incident. If you are eligible, apply soon and ensure that you do not delay in receiving your compensation amount.

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