Settlement offers U.S. individuals up to $12.5k

Americans could receive up to $12,500 as part of a $9.95 million settlement from a data breach involving the National Student Clearinghouse. This organization faced claims that it failed to protect sensitive information from being hacked. The breach occurred between May 28 and May 31, 2023, when hackers accessed a file transfer software called MOVEit. This attack exposed Social Security numbers and other personal details. Plaintiffs argue that the organization could have taken better security measures to prevent the breach. Although National Student Clearinghouse did not admit wrongdoing, it agreed to the settlement to resolve the allegations. Claimants can receive up to $2,500 for regular losses and up to $10,000 for significant losses, such as unreimbursed expenses or fraud-related costs. Those who prefer not to make a specific claim can choose a $100 cash payment, which may vary based on the total number of claims. Additionally, participants are eligible for two years of free credit monitoring and identity theft protection, offering various tools and coverage. People interested in claiming compensation must submit documentation of their losses by May 26, 2025. This can include bank statements, invoices, or phone records. Those who wish to opt out of the settlement have until April 25, 2025, to do so.