$2.5M Settlement for Fidelity Investment Data Breach Affects Thousands
Severity: Medium (Score: 51.1)
Sources: Uk.Finance.Yahoo, Topclassactions
Summary
Fidelity Investments has agreed to a $2.5 million class-action settlement following a data breach that occurred between August 17 and August 19, 2024. The breach involved unauthorized access to sensitive customer information, including financial account numbers and routing numbers. Over 77,000 individuals were notified about the breach, and an additional 86,000 may also be eligible for compensation. The lawsuit claimed that Fidelity failed to implement adequate cybersecurity measures to protect its network. Although Fidelity denies any wrongdoing, the settlement aims to resolve the allegations without further litigation. Class members can claim up to $5,000 for documented losses and a pro rata cash payment of around $100. California residents may receive an additional $50 under the California Consumer Privacy Act. Claims must be submitted by July 27, 2026, and the final approval hearing is set for July 9, 2026. Key Points: • Fidelity agreed to a $2.5 million settlement for a 2024 data breach affecting customer data. • Over 77,000 individuals were notified, with an additional 86,000 potentially eligible for compensation. • Class members can claim up to $5,000 for documented losses and a $100 pro rata payment.
Key Entities
- Data Breach (attack_type)
- Fidelity Brokerage Services (company)
- Fidelity Investment (company)
- Fidelity Investments (company)
- United States (country)
- CWE-200 - Exposure of Sensitive Information (cwe)
- fidelitydatasettlement.com (domain)
- [email protected] (email)
- Financial (industry)