Floridians can claim up to $5,000 from settlement

Eligible Americans may receive up to $5,000 from a recent data breach settlement. FloridaCentral Union, a credit union in Florida, has agreed to settle a lawsuit related to a 2024 data breach that allegedly exposed members’ personal information. The breach, which occurred on May 16, 2024, was said to have compromised sensitive data like Social Security numbers and account details. Plaintiffs claim that FloridaCentral failed to properly protect this information. Although the credit union settled the lawsuit, it did not admit any wrongdoing. As part of the settlement, those affected can choose to receive a flat payment of around $100 or claim more significant compensation, up to $5,000, if they can prove financial losses from the breach. These losses may include costs from identity theft, fraudulent charges, and credit monitoring. Additionally, all class members will receive free credit monitoring for three years. This includes services like dark web monitoring and identity theft insurance of up to $1 million. Individuals who want to object to the settlement or exclude themselves must do so by May 16. They need to submit a valid claim form by June 2, 2025, to receive payout.