If your personal information was compromised in the Paycom data breach between May 28 and June 2, 2023, you may be eligible to receive compensation from a $900,000 settlement fund. This class-action settlement offers affected individuals the chance to claim up to $4,200 for documented losses, in addition to other benefits such as free credit monitoring. The deadline to submit a claim is November 7, 2024, so it’s important to act quickly.
What the Settlement Offers
The Paycom settlement provides multiple types of compensation, depending on the individual’s losses:
- Out-of-Pocket Losses: You can claim up to $2,500 for expenses incurred due to the breach, such as identity theft protection services or replacing compromised financial accounts.
- Lost Time: If you spent time addressing the breach, you can receive up to $100, calculated at $25 per hour for up to 4 hours.
- Extraordinary Losses: For substantial financial losses directly tied to the breach (e.g., stolen funds), you could be entitled to up to $4,200.
- Credit Monitoring: Receive three years of free credit monitoring to alert you to any suspicious activity on your credit report.
- Alternative Cash Payment: If you don’t want to claim other benefits, you can opt for a $25 cash payment.
Eligibility Requirements
To be eligible for compensation, your information must have been compromised in the breach that occurred from May 28 to June 2, 2023. Paycom likely sent notifications to affected users, but if you didn’t receive one, you could still be eligible. It’s recommended to check the settlement website for confirmation or contact the settlement administrator for more details.
How to File a Claim
Filing a claim for compensation is simple. Follow these steps:
- Visit the Settlement Website: Access the official Paycom Data Settlement Website to start the process and find the necessary forms.
- Gather Documentation: Collect supporting documents to strengthen your claim, including:
- Proof of out-of-pocket expenses (receipts, invoices, bank statements).
- Records of time spent dealing with the breach (task logs, hours spent).
- Proof of extraordinary losses (bank statements showing unauthorized charges).
- Submit Your Claim:
- Online: Complete the claim form directly on the website.
- By Mail: Alternatively, download, complete, and mail the claim form to the specified address.
- Retain Copies: After submitting your claim, keep copies of all your documents in case any verification is required.
Key Dates to Remember
- Claim Deadline: November 7, 2024. Claims received after this date will not be accepted.
- Final Approval Hearing: The final approval of the settlement will take place on December 13, 2024.
Protecting Your Information
If you opt for the free credit monitoring service, it’s essential to actively manage it. Here’s how to maximize its benefit:
सम्बंधित ख़बरें
- Set Alerts: Enable notifications for new credit inquiries, new accounts, or unusual transactions.
- Review Alerts Promptly: If you receive an alert, investigate immediately for potential fraud.
- Monitor Your Credit Report Regularly: This helps identify discrepancies or unauthorized activity early.
In addition to credit monitoring, consider these extra precautions:
- Change Your Passwords: Update passwords for any accounts tied to Paycom, making them unique and strong.
- Use Two-Factor Authentication: If available, enable two-factor authentication for an added layer of security.
- Consider a Credit Freeze: If you’re concerned about identity theft, you may freeze your credit to prevent new accounts from being opened in your name.
For more information on how to protect your financial data, visit AnnualCreditReport.com for free access to your credit reports from the three major bureaus.
Frequently Asked Questions
- How much can I get from the settlement? Eligible individuals may receive up to $4,200 for extraordinary losses, $2,500 for out-of-pocket expenses, $100 for lost time, and three years of credit monitoring. You can also opt for a $25 cash payment.
- What qualifies as out-of-pocket expenses? These include costs for identity theft protection, new credit monitoring, or fees related to replacing compromised financial accounts.
- What if I didn’t get a notification? You may still be eligible if your information was part of the breach. Verify eligibility on the settlement website.
- When will I receive my payment? Payments will be distributed after the final approval hearing on December 13, 2024.
- I have more questions, what should I do? Visit the Paycom Data Settlement Website or contact the settlement administrator for further help.
If you were affected by the Paycom data breach, make sure to file your claim before the deadline to receive the compensation and benefits you’re entitled to.