The only thing impacted parties can do after the fact is to attempt to better protect their data and pursue compensation, as data breach settlements are becoming more frequent every day. This is the outcome of the recent Paycom data leak.
Paycom, which supplies thousands of businesses with payroll and HR technology, experienced a data breach in 2023 that exposed all of the personal data of its clients that was kept on their systems.
We are certain that during the incident, client data via the secure file sharing app MOVEit sharing was accessed, jeopardizing the identity of those impacted.
A class action lawsuit was brought against Paycom after the incident, claiming that the corporation was liable for any post-event repercussions since it had not taken sufficient cybersecurity precautions to stop the data breach.
Class action lawsuits are typically brought against a business or organization by one or more people acting on behalf of a larger group of people who have comparable grievances. Everyone who would have been impacted equally is covered by the lawsuit once it becomes a class action.
Businesses frequently decide to resolve these disputes by paying class members, who subsequently forfeit their right to file additional lawsuits. The corporation usually makes comments in these settlements that deny any wrongdoing.
This also applies to the Paycom lawsuit, when the corporation agreed to a $900,000 settlement in exchange for not acknowledging any wrongdoing and putting an end to the legal action. A portion of the settlement will soon be available to those impacted by the breach, but there are some requirements that must be fulfilled before they can get the funds.
Eligibility requirements for Paycom settlement
The impacted person must first reside in the United States in order to be eligible for payment.
The second, and possibly most crucial, criteria is that the person wishing to receive a portion of the payment must have been impacted by the breach; in this example, that means that their personal data with Paycom was accessed between July and October 2023.
If you were not informed by Paycom, you probably do not have a claim because the firm promptly notified all impacted individuals whose data was stolen by the incident.
A postcard notice regarding the settlement with a Claim Login ID and Claim Login PIN printed on it may have been sent to some of the individuals who were not contacted directly by the corporation.
To make sure you are included in the settlement, you should probably get in touch with the class administrator via phone at (844) 804-3284 or email at [email protected].
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The settlement’s amount to be claimed
Using the website and login information on the postcard, anyone who wants to claim a portion of the settlement can do so. Since the business knows who was impacted, no further paperwork is required. However, the amount of money that each person can claim will vary.
A maximum of $2,500 per person may be claimed by those who have verified out-of-pocket damages as a result of the breach itself, and $4,200 may be claimed by those who have losses resulting from identity theft after the breach exposed their information, in addition to three years of credit monitoring services.
Although they both fall on the same day, November 7, 2024, impacted individuals should be aware of two deadlines. These deadlines include the exclusion and objection deadline or the claim filing deadline.
Both the current payment and the right to make a future claim if their circumstances are different from those described in this lawsuit will be forfeited by those who choose to do neither.
