Data breach class action lawsuits arise when companies fail to protect your personal information - including Social Security numbers, credit card data, login credentials, and medical records. When hackers successfully steal customer data due to a company's negligence, affected individuals can join together in a class action lawsuit to recover compensation.
Major data breach settlements in recent years include Equifax ($380M), T-Mobile ($350M), Meta/Facebook ($725M), Capital One ($190M), and Google ($391M). If your data was exposed, you may be entitled to cash payments, credit monitoring, or identity theft protection - often without needing an attorney.
To qualify for most data breach settlements, you typically need to have been a customer during the breach period and had your personal information exposed. Some settlements also allow claims for time spent dealing with fraud or identity theft.