(NEXSTAR) – Fidelity Investments agreed Wednesday to a $2.5 million class action payout Wednesday that would settle a lawsuit over a 2024 data breach.
The lawsuit claims that a third party was able to get into Fidelity’s computer network between August 17 and 19, 2024, and access personal information that may have contained names, Social Security numbers, financial account information, and driver’s license information.
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Fidelity, which has agreed to issue payouts of up to $5,000, is not admitting any wrongdoing in the case. Over 77,000 customers were reportedly affected by the breach.
“The parties have agreed to settle the lawsuit … to avoid the costs and risks, disruptions, and uncertainties of continuing the Litigation,” according to the Fidelity settlement notice…