If you were affected by the USAA data breach in May 2021, you could be entitled to a portion of the $3.25 million settlement fund. The United Services Automobile Association (USAA), a financial services company that caters to military members, veterans, and their families, has agreed to settle a nationwide class action lawsuit following claims that it failed to prevent a cybersecurity breach that compromised sensitive personal information.
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With the deadline approaching on April 7, 2025, it’s crucial for those impacted to submit a claim or risk missing out on their rightful compensation. Here’s everything you need to know about the USAA data breach settlement, including who qualifies, how to file, and when to expect your payment.
What Happened in the USAA Data Breach?
In May 2021, USAA experienced a data breach that exposed personal information of its customers. A class action lawsuit was filed, alleging that USAA failed to implement adequate cybersecurity measures to prevent the breach.
While USAA has not admitted to any wrongdoing, the company agreed to settle the lawsuit by paying $3.25 million to affected customers to resolve allegations of negligence regarding the data breach.
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Who Is Eligible for the USAA Data Breach Settlement?
If you received a notification letter from USAA stating that your personal information was compromised, you are likely eligible to file a claim and receive a payout.
✅ You may qualify if:
✔ Your personal data was accessed, stolen, or compromised in the May 2021 USAA data breach.
✔ You received official notification from USAA after the settlement was reached in December 2024.
✔ You submit your claim before the April 7, 2025, deadline.
📌 Important: If you do not file a claim, you will not receive a payment from the settlement.
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How Much Money Will You Receive?
The settlement fund is $3.25 million, which will be distributed equally among all eligible claimants.
💰 Factors That Affect Your Payment Amount:
✔ The total number of claims submitted—more claims mean smaller individual payments.
✔ Deductions for legal fees and administrative costs.
Since the exact payout depends on participation, there is no set amount per person. However, if you were impacted, filing a claim ensures that you receive your fair share.
How to File a Claim for the USAA Data Breach Settlement
To receive compensation, you must file a settlement payment election by April 7, 2025.
📝 Steps to Submit Your USAA Settlement Claim:
1️⃣ Check your eligibility – If you received a notification, you can file a claim.
2️⃣ Visit the official claims website – The website will provide instructions on how to complete your claim.
3️⃣ Submit your claim before April 7, 2025 – Failure to do so means you forfeit your right to compensation.
4️⃣ Wait for payment distribution – Once approved, you will receive your share of the settlement.
📌 Note: The deadline to object to or exclude yourself from the settlement is also April 7, 2025.
When Will You Receive Your USAA Data Breach Settlement Payment?
It is unclear exactly when payments will be issued, as they depend on the final approval hearing scheduled for May 21, 2025.
⏳ Estimated Payment Timeline:
✔ April 7, 2025 – Deadline to file a claim.
✔ May 21, 2025 – Court hearing for final settlement approval.
✔ After May 2025 – Payments are expected to be distributed (exact date TBD).
Once the court grants final approval, USAA will begin processing payments. It may take weeks or months for claimants to receive their compensation, depending on the number of participants and administrative processing times.
How to Check the Status of Your Claim
🔹 Visit the official settlement website (listed in your notification letter).
🔹 Contact the settlement administrator for updates.
🔹 Monitor your email or mail for additional notifications regarding payment distribution.
Final Thoughts: Don’t Miss Your USAA Data Breach Settlement Payment
If you were affected by the 2021 USAA data breach, now is the time to claim your share of the $3.25 million settlement. With the April 7, 2025, deadline fast approaching, filing your claim ensures you receive compensation for the data breach.
📌 Key Takeaways:
✔ USAA agreed to a $3.25M settlement over a May 2021 data breach.
✔ Eligible individuals must file a claim before April 7, 2025 to receive payment.
✔ Payouts depend on the number of claims filed and administrative costs.
✔ The final approval hearing is set for May 21, 2025, after which payments will be processed.
💰 Don’t wait—submit your claim today to ensure you receive your share of the USAA data breach settlement!
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