If you were affected by the 2021 USAA data breach, you may be eligible for compensation from a $3.25 million settlement. The deadline to file a claim is fast approaching, giving eligible individuals just about one month to take action. Here’s everything you need to know about the settlement, eligibility, and how to claim your share.
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Background on the USAA data breach settlement
United Services Automobile Association (USAA), a financial services company that provides banking and insurance products to military members, veterans, and their families, agreed to settle a nationwide class action lawsuit after a data breach in May 2021. The lawsuit alleged that USAA failed to prevent the breach, which compromised personal information of its members.
While USAA has not admitted any wrongdoing, the company has agreed to pay $3.25 million to resolve the allegations and provide compensation to those affected.
Who Is eligible to file a claim?
Individuals whose personal information was accessed, stolen, or compromised in the breach should have received notification following the settlement agreement in December 2024.
If you were impacted, you must file a claim to receive a payment. Those who do not submit a claim may forfeit their right to any compensation from the settlement. It is strongly advised that affected individuals complete the settlement payment election process to secure their share.
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Deadline to file a claim
The deadline to file a claim or settlement payment election is April 7, 2025.
Additionally, this is the deadline for anyone who wishes to object to the settlement or exclude themselves from the lawsuit. Failing to take action by this date may result in losing eligibility for compensation.
How much money can I receive?
The total settlement amount is $3.25 million, which will be distributed among eligible class members. However, the exact amount each person receives will depend on several factors, including:
- The number of individuals who file claims
- Deductions from the total fund for legal and administrative fees
Since the settlement is being distributed equally among all approved claimants, the more people who participate, the smaller each payment will be.
When will payments be issued?
At this time, it is unclear when settlement payments will be distributed. The final approval hearing is scheduled for May 21, 2025. Once the court gives its final approval, payments will be processed and sent out. However, the exact timeline will depend on legal proceedings and administrative processes.
How to file your claim
If you believe you were affected by the USAA data breach, follow these steps to file your claim before the deadline:
1. Check Your Notification – If you received a notice about the settlement, follow the instructions provided.
2. Visit the Official Settlement Website – Details on the claim process and necessary forms can be found online.
3. Complete and Submit Your Claim Form – Ensure all required information is accurate before submitting your claim.
4. Monitor Your Status – Keep an eye out for updates regarding payment distribution and final court approval.
Final thoughts
The USAA data breach settlement provides an opportunity for affected individuals to receive compensation for their compromised personal information. If you were impacted, don’t miss the April 7, 2025, deadline to file your claim. While the exact payout amount is uncertain, submitting a claim ensures you are included in the settlement distribution.
For additional details and to file your claim, visit the official settlement website before the deadline.
