CLASS Members from the company Ibex may claim up to $5,000 after it settled a multimillion-dollar data breach lawsuit.
While the company did not admit to any wrongdoing, Ibex did agree to pay $2.4million to resolve the claims.
The plaintiffs claim that Ibex failed to implement and maintain reasonable security measures that adequately protected them.
According to IBexDataSettlement.com, those eligible should have received a notice from Ibex informing consumers of the breach.
Class Members, also known as consumers, may have had their personal identifying information compromised in the data security incident between July 27, 2020, and Aug. 17, 2020.
In addition to the potential claim, all Class Members are eligible for five years of free credit monitoring.
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This includes up to $1million in identity theft insurance.
The deadline for exclusion and objection is Feb. 17, 2023, while the final approval hearing for the settlement is scheduled for March 10.
In order to receive settlement benefits, Class Members must submit a valid claim form by March 20, 2023.
Member must submit a claim online or by mail to the Settlement Administrator.
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For any questions, Ibex suggests calling 1-877-659-6287.
The settlement benefits
According to the settlement website, the Net Settlement Fund will provide eligible Settlement Class Members with a few options for payments and benefits.
Reimbursement for Lost Time and Out-of-Pocket Expenses:
Lost Time
A claim for reimbursement may also include a claim for up to 5 hours of time spent in response to the Data Security Incident.
This will be compensated at $25.00 per hour and requires a brief description of the action taken in response to the Data Security Incident and the time associated with those actions.
Out-of-Pocket Expenses
A claim for reimbursement may include but is not limited to expenses incurred primarily as a result of the Data Security Incident.
- Costs associated with purchasing credit monitoring or identity theft insurance
- Costs associated with requesting a credit report
- Costs associated with a credit freeze
- Costs associated with cancelling a payment card and/or obtaining a replacement payment card
- Costs associated with closing a bank account and/or opening a new bank account
- Postage, long-distance phone charges, express mail and other incidental expenses, if you provide documentation of the charges and an explanation satisfactory to the Settlement Administrator of their relationship to the Data Security Incident
- Unrefunded overdraft and/or overdraft protection fees
- Unrefunded late and/or missed payment fees and/or charges
- Damage and costs associated with any stolen benefits or tax returns
Cash Payments for Identity Theft or Data Misuse
Settlement Class Members who experienced actual or attempted identity theft or data misuse are eligible to receive a cash payment of $100.
To receive this payment, you must submit a valid Claim Form that includes documentation demonstrating that the Settlement Class Member: experienced actual or attempted identity theft, experienced other verifiable misuse, including receiving fraud alerts or alerts of information being on the dark web.
The maximum claim for Lost Time, Out-of-Pocket Losses, and Cash Payment for Identity Theft or Data Misuse is $5,000.
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