If you were affected by the Nucor data breach between May 26 and June 1, 2023, you might be entitled to a substantial settlement. Nucor, a leading steel and steel products company based in North Carolina, faced a data breach that compromised sensitive employee information, including names, bank account numbers, and routing numbers. Nucor, agreeing to the lawsuit, is set to pay out settlements to victims.
Who is eligible for the Nucor data breach settlement?
Eligibility is only limited to individuals whose information was compromised in the data breach. So if your data was compromised then you can file for a settlement. All affected individuals, known as class members, can receive compensation for their various expenses related to the breach.
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What compensation can you receive from the Nucor settlement?
- Out-of-pocket expenditure: You will get a refund for any important expenses you made such as bank charges, communication costs, and credit monitoring charges.
- Lost time: You will be compensated for up to four hours spent working with issues related to data breach, at $17.50 an hour – hence, amounting to around $70.
- Extraordinary losses: If you can prove that you suffered more losses during the data breach then you may be able to get up to $7,500 because of the breach.
How to file a claim for the Nucor data breach settlement
To receive compensation:
- Gather documentation: Collect evidence of out-of-pocket expenses, such as bank statements, receipts, or invoices.
- Submit a claim form: Complete and submit the claim form by December 30, 2024. Claims can be filed online.
- Final approval hearing: A hearing is scheduled for January 13, 2025, to finalize the settlement.
Why is it important to act now?
In 2023, more than 3,200 cases of data breaches were reported in the U.S. alone affecting over 353 million people in different parts of the states. So cases involving data breaches are very common nowadays, most of which are associated with more cloud storage with less security. The Nucor case is another evidence of poor data security.
What should you do if you miss the Nucor settlement deadline?
If you miss the December 30, 2024, deadline, you may forfeit your right to compensation from this settlement. However, other companies have faced similar data breaches and have offered settlements. Staying informed about such incidents can help you take timely action to protect your personal information and seek compensation when available.
How can you protect yourself from future data breaches?
- Monitor your financial statements: Always review your bank and credit card statements to quickly identify unauthorized activities.
- Use credit monitoring services: Consider upcoming services that can alert you if suspicious activities involving your data occur.
- Change your passwords: Strong and unique passwords should be used for your accounts, and they must be changed regularly.
- Stay updated: Get updated with any information about data breaches so that you can quickly act if your information is compromised.
When you take these steps, you can reduce the risks associated with data breaches and protect your personal information.
