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Social Security Numbers Exposed by Breach: Up to $25,000 in One-Time Payment

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Social Security Numbers Exposed by Breach: Up to $25,000 in One-Time Payment

Social Security Numbers Exposed by Breach: Up to $25,000 in One-Time Payment. In a significant resolution, Paysafe, a payment solution company, has agreed to a $2 million settlement to address allegations surrounding a two-year data breach from 2018 to 2020. There was a breach that exposed sensitive information, including Social Security numbers and bank account details. Those who qualify can claim up to $25,000 in a one-time payment as part of the settlement.

Background of the Paysafe Data Breach Settlement

The $2 million settlement concludes allegations against Paysafe for failing to prevent a data breach from 2018 to 2020.

Compensation Details Up to $25,000 for Eligible Individuals

People whose Social Security numbers were compromised may receive a one-time payment of up to $25,000, which will cover various out-of-pocket expenses.

Claim Submission Deadline November 27, 2023

Compensation claims must be submitted by November 27, 2023, giving affected individuals a window to claim their rightful compensation.

Notification Process Ensuring Eligible Individuals Are Informed

Individuals eligible for the settlement have been notified directly by Paysafe; however, if you have not received a notice or are uncertain about your inclusion, please consult the settlement website’s contact page.

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Contacting the Settlement Administrator Dedicated Hotline

There is a dedicated hotline (1-833-910-3608) that offers personalized guidance on eligibility and claims procedures.

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Comprehensive Coverage What the Compensation Covers

Including fraud damages, identity theft expenses, bank fees, and compensation for lost time, compensation covers a broad spectrum.

Residual Cash Payments Additional Compensation for Eligible Claimants

There is no separate claim submission required for eligible claimants. The amount of the residual cash payment may vary depending on the number of claims and the amount of funds allocated.

How to Submit a Claim Online Portal and Mail Options

Submitted claims must be received by November 27, 2023, either through the online portal or by mail. The online portal, if you received a notification, ensures a seamless process.

Mailed Claim Formsn Important Details for Timely Submission

Claim forms are available through various channels, including calling (833)-910-3608 if you choose to mail them.

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Unique Identification Class Member ID and Assistance

Those wishing to use the online portal should know their Class Member ID, which is available in the notification. For assistance with identification, call 1-833-910-3608 or email us.

Conclusion

In conclusion, Paysafe’s $2 million settlement offers affected individuals a chance for substantial compensation—up to $25,000. With a comprehensive coverage package, accessible claim submission methods, and a dedicated hotline, the resolution prioritizes justice and support for those impacted by the data breach.

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