Convergent Outsourcing has agreed to pay $2.45 million in a settlement over a 2022 data breach where sensitive information was compromised, allowing affected individuals to claim up to $11,500 each, while other companies like Capital One and a telecom company are also settling separate lawsuits.
Convergent Outsourcing Settles $2.45 Million Data Breach Lawsuit, Offering Compensation to Victims, Alongside Other Major Settlements
According to the article in The US Sun, Convergent Outsourcing, a company that collects debts for different businesses, has agreed to pay $2.45 million because of a data breach that happened in 2022. During this breach, sensitive information like Social Security numbers and financial details was exposed. This led to a lawsuit where people said the company didn’t do enough to protect their information. Convergent Outsourcing says it didn’t do anything wrong, but it still decided to settle the case. Victims of the breach can claim up to $11,500 each to cover things like fraud losses, credit expenses, and other costs related to the breach. The settlement aims to help people who suffered because of what happened.
Besides Convergent Outsourcing, other companies like Capital One and a telecom company are also settling class action lawsuits. Capital One is paying $16 million to settle claims that it charged unfair fees to its customers. This settlement will benefit both current and former account holders of Capital One. The telecom company is resolving a $2.2 million settlement, and an NFL team is returning $1.3 million to fans in separate legal agreements. These settlements show how companies are addressing issues like data security and customer rights, aiming to compensate those affected by their actions.
READ ALSO: Ohio Senate Bill 177: Universal Healthcare Proposal And Funding Details
File Claims for Data Breach Compensation: Proof of Loss Required to Hold Companies Accountable
Additionally, people who were affected by these breaches have been notified and can file claims to get compensation. To make a claim, they need to show proof of their losses, such as bank statements or receipts. This process ensures that people who suffered financial harm from these incidents can get some money back. It’s a way to hold companies accountable for protecting personal information and following the rules that protect consumers. These settlements highlight the ongoing importance of cybersecurity and legal compliance in safeguarding people’s private information in today’s digital world.