If you were affected by the Centerspace data breach, you may be eligible for compensation ranging from $30 to $5,250. The company faced a cyberattack in November 2021 that compromised sensitive personal information, including Social Security numbers, bank account details, and other personally identifiable information (PII). This guide outlines the steps to file your claim and receive compensation for any losses or damages incurred.
Key Information About the Centerspace Data Breach Settlement
Aspect
Details
Settlement Amount
$30 to $5,250 per claimant
Eligibility
U.S. residents notified by Centerspace about the breach
Claim Options
Cash payments, credit monitoring services, or compensation for documented losses
Deadline to File
November 26, 2024
Final Approval Date
December 4, 2024
Official Website
CenterspaceSettlement.com
What Happened in the Centerspace Data Breach?
In November 2021, Centerspace experienced a significant data breach when an unauthorized party gained access to their systems, putting a large amount of personal data at risk. Affected information included:
Social Security Numbers
Full names
Bank account details
Other sensitive personal information
The breach raised concerns about identity theft and financial fraud, leading to a class-action lawsuit against Centerspace. The company has since agreed to a settlement to compensate those impacted by the breach.
Why the Settlement Matters
The breach exposed many individuals to identity theft and fraud risks. The settlement provides an opportunity for affected individuals to recover costs and protect their finances. Compensation can cover expenses like:
The settlement offers a range of compensation options. You can choose from:
Cash Payments
Flat Payment: Receive a fixed payment of $30 without submitting documentation.
Lost Time Compensation: Claim up to $75 for time spent dealing with issues related to the breach, calculated at $18.75 per hour for up to 4 hours.
Ordinary Losses: Up to $525 for documented losses, such as the cost of identity theft protection or bank fees.
Extraordinary Losses: If you suffered severe financial harm due to the breach, you can claim up to $5,250, provided you have the necessary documentation.
Credit Monitoring & Identity Theft Protection
You can opt for two years of credit monitoring and identity theft insurance up to $1 million to protect against fraud.
Find the notification letter or email you received from Centerspace. It contains your Claim ID and PIN, which are necessary for the online claim process.
Use your Claim ID and PIN to log in. If you lost this information, you can contact the Settlement Administrator for assistance.
Select Your Compensation Type
Choose whether you prefer a cash payment or credit monitoring services.
Complete the Claim Form
Fill in your personal details (name, address, contact information), and upload any required documents for loss claims.
Submit Your Claim
Submit your claim online or mail it to:
Centerspace Settlement c/o Settlement Administrator PO Box 25226 Santa Ana, CA 92799
Important Deadlines
Claim Submission Deadline: November 26, 2024.
Final Court Approval Date: December 4, 2024. Payments will be distributed after final court approval, but the process may take longer if there are appeals.
Tips for Filing a Strong Claim
Keep Documentation: Retain receipts, bank statements, and any correspondence that supports your claim.
File Early: Avoid complications by submitting your claim as soon as possible.
Double-Check Your Details: Ensure all personal information is correct to avoid delays in processing.
Frequently Asked Questions (FAQs)
How much compensation will I receive?
Depending on your claim, you could receive:
$30 for a flat payment.
Up to $525 for documented losses.
Up to $5,250 for extraordinary losses.
$75 for time spent addressing breach-related issues.
What documents do I need for loss claims?
Documentation may include receipts for fraud resolution services, bank statements showing unauthorized charges, or records of time spent resolving issues.
Can I claim both cash and credit monitoring?
No, you must choose either cash compensation or credit monitoring services, not both.
What happens if I miss the deadline?
Claims received after the November 26, 2024 deadline will not be processed, so submit your claim before then.
When will payments be issued?
Payments will be distributed after the court grants final approval, which is expected after December 4, 2024. If there are appeals, the timeline may be extended.