Ethos Technologies has recently reached an agreement to resolve allegations of its failure to prevent a data breach in the year 2022. While the company has not officially acknowledged any wrongdoing, it is addressing the claims by extending compensation to those affected. Ethos Technologies, a life insurance provider, allegedly experienced a data breach spanning from August to December 2022 Money and more.
This breach exposed sensitive consumer data, with allegations suggesting that the company could have prevented it through enhanced cybersecurity measures. Individuals meeting the eligibility criteria will be entitled to a one-time payment of $100. Nonetheless, the California subclass presents an opportunity for an extra $100 payout, although this amount could be adjusted depending on the number of files claimed.
Ethos Technologies Data Breach Victims: Claim $5,200 in Compensation
Furthermore, the settlement conditions specify that those meeting the eligibility criteria can potentially request up to $5,000 in additional compensation for out-of-pocket costs incurred due to the Ethos data breach. Claimants will also have the option to receive 12 months of complimentary credit monitoring and identity protection services.
Individuals meeting the eligibility criteria should have received a notification letter, alerting them to the data breach and the potential compromise of their information. Furthermore, those who received such notifications must have experienced the impact between August 4, 2022, and December 9, 2022.
To secure the payment, all claims must be submitted or postmarked by the December 20, 2023, deadline. Pending court approval of the settlement, eligible parties can anticipate receiving their funds shortly thereafter. The court hearing is slated for January 22, 2024.
How to Request the Compensation Money
To secure your payment, it is imperative to accurately complete the Claim Form. Alternatively, individuals seeking a paper Claim Form can get in touch with the Claims Administrator through these means:
- Telephone: 833-933-8588
- Email: info@EthosSettlement.com
- Postal Mail: Claims Administrator, Ethos Technology Data Incident Settlement, c/o Kroll Settlement Administration LLC, PO Box 225391, New York, NY 10150-5391
Recipients of the notification letter have several alternatives apart from filing a claim, including opting out, objecting, or taking no action. To opt out, you must complete and mail your exclusion request, postmarked no later than Monday, November 20, 2023. For those wishing to make an objection or planning to participate in the legal proceedings, all documents must be mailed by Monday, November 20, 2023.
The final option is to take no action, which means you will not receive any compensation from the settlement. Furthermore, you will forfeit the ability to pursue legal action against Ethos. Nevertheless, you will still be eligible to receive the 12 months of complimentary Experian Credit Monitoring provided.
Facebook To Pay People Affected In Privacy Settlement
If you are one of those who applied to receive a portion of Facebook’s $725 million privacy settlement, you silently joined a gigantic group of claimants, and this is likely to affect the final amount you receive. Even though, you’ll get your share of the pie if you were affected.
A staggering 17.7 million Facebook users submitted legitimate claims as part of the class-action lawsuit settlement against the social media giant Meta. Legal experts involved in the case have noted that this could potentially be the highest number of claims ever recorded in a U.S. class action lawsuit.
In addition to these valid claims, there were an additional 10 million submissions that had to be discarded. Among these, 8 million claims were dismissed due to suspicions of fraud, while 2 million claims were duplicates. The deadline for filing a claim was August 25, and no further claims will be considered.
On average, each claimant will receive around $30. This sum is calculated based on the total number of valid claims that were successfully filed. U.S. District Judge Vince Chhabria acknowledged that this amount is lower than initially anticipated. However, this reduction can be attributed to the extraordinary volume of claims made in this case.
How to determine if you were affected and could claim the money:
- Users who maintained their accounts throughout this period are eligible for higher compensation compared to those who canceled or deleted their accounts during the settlement period. It’s important to note that even if you discontinued your account, you are still eligible for compensation, albeit at a reduced rate compared to users with continuous account histories.
- Individuals who deactivated their accounts but subsequently created new ones within the designated timeframe were advised to mention this detail in their claim. Doing so could potentially increase the compensation they are eligible to receive.