$5.25M Cadence Bank data breach class action settlement

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Max Payout

TBD

Filing Deadline

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Cadence Bank has reached a $5.25 million settlement over a data breach that potentially exposed customers' personal information. The breach was connected to the MOVEit file transfer software vulnerability that affected numerous companies in 2023. If you were a Cadence Bank customer whose personal information may have been compromised in this data breach, you could be eligible for compensation from this class action settlement. The settlement provides cash payments to affected individuals who can demonstrate they were impacted by the security incident.

Who Is Eligible?

You may be eligible to file a claim if you:

You were a Cadence Bank customer at the time of the data breach
Your personal information was potentially accessed or acquired during the MOVEit security incident
You received notification from Cadence Bank about the data breach affecting your account
You may have experienced identity theft, fraud, or other damages related to the breach

How Much Can You Get?

The total settlement fund is $5.25 million, which will be distributed among eligible class members after legal fees and administrative costs are deducted. The exact amount each person receives will depend on the number of valid claims submitted and the type of damages experienced. Payments may vary based on whether you can document actual losses or damages resulting from the data breach, such as fraudulent charges, credit monitoring costs, or time spent addressing identity theft issues.

How to File Your Claim

Filing your claim is quick and easy:

Gather any documentation related to the Cadence Bank data breach notification you received
Collect records of any damages or expenses you incurred due to the breach
Review the settlement terms and eligibility requirements carefully
Submit your claim form before the deadline (details pending)
Download Class Action Buddy to easily track your claim status and get help with the filing process

Frequently Asked Questions

What information was exposed in the Cadence Bank data breach?

The breach was related to the MOVEit file transfer software vulnerability. The specific types of personal information exposed have not been fully detailed, but data breaches of this nature typically involve names, addresses, Social Security numbers, and account information.

How do I know if I'm eligible for the Cadence Bank settlement?

You're likely eligible if you were a Cadence Bank customer and received a data breach notification from the bank. The notification would have informed you that your personal information may have been accessed during the security incident.

When is the deadline to file a Cadence Bank data breach claim?

The specific claim deadline has not been announced yet. Settlement details are still being finalized. It's important to stay updated on the timeline once it's established, as missing the deadline means you won't receive compensation.

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