Hurry up because time is slipping away for eligible Americans to take advantage of a unique opportunity to receive a cash settlement from a significant data breach incident. What’s remarkable is that you don’t need to provide any proof to qualify for this payment.
This direct payment offer stems from a lawsuit filed against the renowned software company, Paycom. Known for its expertise in providing payroll and human resources technology to numerous businesses, Paycom faced legal challenges due to a data security lapse.
Cash Settlement Background
During this unfortunate breach, a hacker allegedly gained unauthorized access to sensitive client information via MOVEit Transfer, a secure file transfer application.
Eligible individuals now have two potential one-time payment options to consider. Don’t miss this chance to secure your portion of the settlement; the clock is ticking!
The recent lawsuit against Paycom alleges that the company did not implement sufficient cybersecurity measures to prevent a data breach.
- Paycom was accused of failing to adequately protect its clients’ personal information.
- The incident involved a 2023 data breach, as detailed on a dedicated website for the case.
Paycom’s Settlement
Although Paycom has not admitted any wrongdoing, they have agreed to a $900,000 settlement to address the claims and avoid incurring additional legal expenses.
Eligibility for Compensation
To be eligible for a share of the settlement, affected clients must meet several key criteria:
- Residency: Applicants must reside within the United States.
- Data Breach Period: Their personal information must have been accessed by Paycom during the breach period, which occurred between July and October 2023.
- Notification: Affected individuals should have received a notification from Paycom informing them that their information was compromised.
- Postcard Notice: Clients should have received a postcard notice regarding the settlement, featuring a Claim Login ID and Claim Login PIN.
Assistance and Contact Information
If anyone has misplaced this information but still received a postcard, they can reach out to the class administrator for help. The administrator can be contacted via phone at (844) 804-3284 or email at info@paycomdatasettlement.
Filing a claim can be an essential step toward recovering losses, especially in situations involving data breaches or financial issues. If you’re a client affected by the recent Paycom settlement, understanding the process is crucial to ensure you receive what you’re entitled to. Here’s a comprehensive guide to help you navigate the claim filing process smoothly.
Filing a Claim: What You Need to Know
To file a claim online through the settlement website, you’ll need your Claim Login ID and Claim Login PIN. These are crucial as they grant you access to the system where you can submit your claim.
The good news is, since Paycom already has records of which clients were affected and details of the cash losses incurred, you won’t need to provide additional documentation to prove your losses. This makes the process much less cumbersome and time-consuming.
Important Dates to Remember
- Claim Filing Deadline: November 7, 2024
- Exclusion and Objection Deadline: November 7, 2024
- Final Hearing for Settlement Approval: December 13, 2024
Make sure you filed your claim by the deadline to avoid missing out on potential compensation, which could amount to thousands of dollars.
Understanding Your Payment
The amount of money distributed to each claimant will vary based on several factors. Here’s a breakdown:
- If you have documented out-of-pocket losses directly resulting from the breach, you can claim up to $2,500 per person.
- This includes up to four hours of lost time dealing with identity fraud-related issues, such as credit monitoring, freezing credit reports, and more.