The $2 million settlement concludes allegations against Paysafe, a payment solution company, regarding its purported failure to prevent a two-year data breach from 2018 to 2020. The breach exposed Social Security numbers, bank account information, and other sensitive data. While Paysafe has not admitted wrongdoing, it has agreed to a $2 million settlement payout. Eligible individuals may receive payments of up to $25,000.
All money claims must be submitted by November 27, 2023. Individuals meeting the criteria should have received direct notification from Paysafe, as indicated on the settlement website. If you have not received a notice or are uncertain about your inclusion in the settlement, please visit the contact page on the settlement website for further assistance.
Single Disbursement of Up to $25,000 for Compromised Social Security Numbers Due to Security Breach
Additionally, individuals seeking clarification or assistance can opt to contact the settlement administrator through the toll-free number 1-833-910-3608. This dedicated hotline has been established to address any inquiries related to the settlement, providing an accessible avenue for those who may have questions or concerns about their eligibility or the claims process. By reaching out to the toll-free number, individuals can receive personalized guidance and support from the settlement administrator, ensuring that they have the information they need to navigate the settlement proceedings successfully.
Whether you are unsure about your eligibility, have not received a notification, or simply need more details about the settlement, the toll-free number serves as a convenient resource for obtaining the necessary assistance.
Individuals deemed eligible for compensation stand to receive a reimbursement of up to $25,000 to cover various out-of-pocket expenses stemming from the data breach incident.
This comprehensive coverage encompasses a range of costs, including but not limited to damages resulting from fraud, expenses incurred due to identity theft, bank fees, compensation for up to 10 hours of lost time at a rate of $25 per hour, and other related expenditures.
Moreover, eligible claimants will also be entitled to receive a residual cash payment once all expense reimbursement claims have been satisfied. Importantly, there is no need for claimants to submit a separate claim for these residual cash payments, as all eligible members automatically qualify for this additional compensation.
It’s essential to note that the specific amount of these residual cash payments may vary based on factors such as the number of individuals filing claims and the proportion of funds allocated to cover expense claims. Rest assured that every eligible member is entitled to a share of these residual funds, enhancing the overall compensation package provided as part of the settlement.
How to submit a claim
All claims must be submitted by November 27, 2023, at 11:59 pm Pacific Time. Alternatively, claim forms can be sent via mail, but it’s crucial that the form is postmarked no later than November 27, 2023. For those opting to mail their claim forms, you can obtain the necessary documents by calling (833)-910-3608 or by sending a request in writing to Bitmouni v. Paysafe, c/o Kroll Settlement Administration, P.O. Box 5324, New York, NY 10150-5324.
However, the most expedient method for filing a claim is through the online portal. If you received a notification by mail, utilize your Class Member ID when submitting your claim online. In the event that you have misplaced or are unaware of your Class Member ID, please contact 1-833-910-3608 for assistance. This ensures a seamless process for filing your claim and helps address any queries related to your unique identification details.