Capital One suffered one of the largest bank breaches in 2019 affecting almost 98 Million individuals, The attack exposes personal details like addresses, Social Security number, bank account data as we as their credit scores
The victims were at a high risk of ID fraud, compromised transactions, as well as financial instability. The $190 million class-action settlement to pay affected customers was approved in 2022. Claimants who were eligible were given the option to apply for reimbursement of immediate financial loss, time lost in settling fraud issues, and ongoing protection against identity theft.
Capital One Bank Settlement 2025
The initial payments were made in 2023 and 2024, while the longer-term identity protection benefits are available until 2028. The 2019 Capital One breach had extensive impacts, reaching millions of consumers as well as exposing highly personal information. The breach itself resulted from a former Amazon Web Services (AWS) worker who took advantage of a Capital One cloud-based storage system vulnerability.
Individuals who met the requirements could be granted monetary compensation. Even if a customer incurred no monetary loss, they could be compensated in the form of identity protection services, which they can currently use through 2028.
Capital One Class Action Settlement 2025: Overview
| Department | Capital One Settlement Administrator |
| Article on | Capital One Data Breach Class Action Settlement 2025 |
| Country | U.S. |
| Program Name | Capital One Bank Settlement |
| Category | Government Aid |
| Official Website | Capitalonesettlement.com |
What is The Settlement Amount?
Capital One banking institution in 2021 agreed to pay 190 million dollars to settle a class-action lawsuit brought by American customers against the bank. The plaintiffs will be given a total of $25,000 each as compensation for their lost money. Capital One was fined 80 million dollars by the USOCC for the same violation, though it was over a year ago. The Capital One Class Action Settlement will be done by email through Epiq Pay.
The amount will be given to those who are affected to help them offset fees related to the breach, including fraud, identity theft, and data security charges. About $25 per hour can be recovered for lost time, or roughly 15 hours. The money that goes unclaimed is not something to worry about. People will be receiving the money in a paper check if payment is not made electronically, and it will be delivered two to four weeks after the submission deadline for an electronic payment. For all related to it, it is a one-stop shop.
Understanding Capital One Settlement
Such persons who lost money on account of system hacks can file a Capital One Settlement Claim. Despite all the technological advancements made in the area of IT infrastructure, Capital One informed in July 2019 that a third party had breached important customer information. The payment of the Capital One settlement has been made in relation to the breach of data.
Through the EpiqPay digital payment network, class settlement money is paid to class members. In addition to this, class members who mainly met the payment requirements as well as submitted a valid email address to the Capital One Settlement administrator would get email of a list of digital payment options. According to the website, you can get your settlement money by utilizing the “Claim Payment” link contained in any reminder email you’ve received from EpiqPay regarding payment due by March 27, 2023.
What did individuals get from this Settlement?
The settlement package also involved monetary compensation directly as well as long-term security services.
1. Monetary Compensation
Capital One issued cash reimbursements to victims who were able to document financial losses as a result of the breach. The reimbursement was categorized into three tiers:
- Out-of-Pocket Expenses: Those who had unauthorized charges, fraud-related bills, or security enhancements may recover a maximum of $25,000.
- Lost Time Compensation: Claimants who lost time addressing fraud-related problems were provided $25 per hour for a maximum of 15 hours.
- General Compensation: Those who did not exhibit great financial loss collected $50 to $250, varying according to the number of valid claims.
2. Identity Protection and Restoration Services (until 2028)
Capital One also gave the affected customers non-monetary compensation. They provided the following:
- Free financial transaction tracking as well as credit report tracking.
- Fraud Alerts & Identity Theft Insurance in which extra protection against unauthorized financial transactions.
- Identity Restoration Support in this expert advice for victims of identity theft.
- These services are mainly free for individuals who are eligible and will be available through February 13, 2028.
Capital One Settlement Payment Timeline
| Event | Date |
|---|---|
| Data Breach Occurred | 2019 |
| Settlement Approved | September 13, 2022 |
| Claim Submission Deadline | September 30, 2022 |
| First Payment Issued | September 28, 2023 |
| Second Payment Issued | September 4, 2024 |
| Identity Protection Services End | February 13, 2028 |
Are You Entitled to a Payment?
Not all Capital One account holders are eligible for a payment. Individuals only qualify if they met the guidelines which are in following:
- You were notified by Capital One, in a formal notice, that your information was impacted by the 2019 breach.
- Individuals whose name, address, SSN, bank account number, or other information compromised in the breach.
- You made a timely valid claim form submission.
- You can supply evidence of financial loss incurred or expenses related to the breach If you qualify, you will already have submitted your claim since the deadline has expired.
FAQs
What is Capital One Settlement?
It was a data breach by Capital One Bank in which around the 98 million Capital One customers whose personal information was compromised, you may be eligible for 2023 Class Action Lawsuit Payment.
Who is Eligible to Get it?
It was a data breach by Capital One Bank in which around the 98 million Capital One customers whose personal information was compromised, you may be eligible for 2023 Class Action Lawsuit Payment.
How to Apply for the Settlement Amount?
In order to apply eligible individuals can visit the official Website of Capital One Settlement or they can also call the settlement administrator at 1-855-604-1811 to file the claim.
James is a financial journalist with 6 years of experience, specializing in government aid, finance, and the latest economic news. He simplifies complex financial topics to make them easy for readers to understand, covering everything from government programs to market trends. With a background in both finance and journalism, James provides clear, accurate, and timely insights, helping readers stay informed about financial matters that impact their daily lives.