Data breach letter class action lawsuit investigation

Data breach letters: Who’s affected?

Did you receive a data breach letter? Have you suffered harm as a result of a data breach?

Data breaches are a growing threat against consumer security. According to Astra Security, there are 800,000 cyber attacks each year. This equates to one hacker attack every 39 seconds.

Data breaches can compromise sensitive consumer information including:

• Social Security numbers
• Bank data
• Insurance numbers
• Personal identifiers (names, birth dates, etc.)
• Contact information
• And more

Consumers may be able to take legal action if they received a data breach letter informing them that their information was compromised in a data breach. A data breach class action lawsuit may help recover compensation for fraud, identity theft, credit monitoring and other out-of-pocket expenses related to data breaches.

What is a data breach letter?

After a data breach, companies send affected consumers data breach letters informing them that their information may have been compromised. These letters typically include basic information about the data breach such as when it occurred, which information was affected and what action has been taken to rectify the incident. When companies offer relief such as expense reimbursement or free credit monitoring services, this information may also be included in data breach letters.

Consumers who receive a data breach letter should keep it for their records. If they experience fraud, identity theft or other damages as a result of the breach, the data breach letter can be a valuable form of documentation when securing compensation through insurance or a class action lawsuit.

Why do data breaches happen?

Although some data breaches are unavoidable, most can be linked to failure by companies to protect their systems. According to an analysis of more than 1,700 codebases by Synopsys, 84% contain at least one known open-source vulnerability. This means that a large portion of companies may knowingly use open-source code that can be easily taken advantage of by cybercriminals.

Can I take legal action for a data breach?

After receiving data breach letters, some consumers have taken legal action against companies for failing to protect their information. Data breach class action lawsuits claim that businesses should have prevented data breaches through reasonable cybersecurity measures such as two-factor authentication.

Data breach class action lawsuits can be an effective way to recover compensation, especially when thousands or millions of consumers were impacted in a single breach. In May 2023, a consumer took legal action against NationsBenefits, a health insurance administrator, claiming that the company failed to protect the information of three million consumers. This class action lawsuit may allow a single representative to recover compensation on behalf of millions of consumers instead of millions of individuals being forced to seek compensation on their own.

Class action lawsuits like this may be resolved before trial through multi-million dollar settlements. For example, Robinhood agreed to fund a settlement of $20 million to resolve claims it failed to implement security measures which led to a data breach that affected around 2,000 customer investment accounts. Other companies have agreed to similar deals to resolve data breach claims.

Join a data breach class action lawsuit investigation

Consumers who received a data breach letter may be able to follow the example of other data breach victims by taking legal action. A data breach class action lawsuit can recover compensation for data breach damages such as:

• Fraudulent charges
• Identity theft expenses
• Credit reporting and/or identity theft protection
• Professional fees
• Communication charges
• Lost time
• And more

If you received a data breach letter informing you that your information was compromised in a cybersecurity incident, you may qualify to participate in this data breach class action lawsuit investigation.

Fill out the form on this page to see if you qualify for a FREE case evaluation.