Sovos Data Incident Settlement – Deadline, Claim Form, Eligibility, Amount

A settlement of $3,534,128.50 has been proposed in the class action lawsuit regarding the Sovos Compliance data breach, which affected over 215,000 individuals due to the company’s failure to protect personal information.

Sovos Data Incident Settlement

In recent developments regarding the Sovos Compliance data breach incident, a proposed settlement has been reached in a class action lawsuit known as In re Sovos Compliance Data Security Incident.

The settlement amount totals $3,534,128.50. It arises from a data breach that affected over 215,000 individuals due to Sovos Compliance’s failure to protect personal information.

The lawsuit, filed by Sergei Stadnik, alleges that Sovos Compliance did not adequately safeguard the sensitive data of more than 215,000 individuals.

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Eligibility for Sovos Data Incident Settlement

Individuals who are eligible for the Sovos Compliance data incident settlement, as outlined in the class action lawsuit, include:

• Residency: You reside in the United States.
• Data Breach Notification: You received a notification from Sovos or a company Sovos worked with (Sovos Customer) stating your personal information might have been compromised in the data incident.
• Settlement Class Members: Individuals who were notified of the data incident by Sovos Compliance or one of its customers are eligible to benefit from the class action settlement.
• California Subclass Members: Residents of California who are part of the California Subclass are also included in the settlement.
• All Settlement Class Members are eligible to make a claim for credit monitoring services in addition to cash payments.

Sovos Data Incident Settlement Amount

The incident settlement amount and benefits are:

• Cash Payment A: Claimants may elect to receive compensation for unreimbursed ordinary losses, lost time, and extraordinary losses related to the data incident, with specific amounts per person and supporting documentation required.
• Cash Payment B: Alternatively, individuals can opt for a flat payment of $150.

• California Statutory Claim Payment: California Settlement Subclass members may also elect to receive an additional statutory award of $100 in addition to Cash Payment A or Cash Payment B.
• Credit Monitoring: All Settlement Class Members are eligible to make a claim for credit monitoring services in addition to cash payments.

What were the consequences of the sovos compliance data breach?

The consequences of the Sovos Compliance data breach were significant, impacting a large number of individuals and exposing sensitive personal information to unauthorised parties:

• The Sovos Compliance data breach exposed sensitive personal information, including names and Social Security numbers, of individuals associated with various organisations like Allegis Group, Barrett Business Services IncDelta Dental of Iowa, GreenSky, and Midland States Bank.
• Approximately 215,000 individuals were impacted by the breach, putting them at risk of identity theft and fraud.
• Sovos Compliance had to send out data breach notification letters to affected individuals to inform them about the exposure of their personal information.
• The breach highlighted vulnerabilities in the MOVEit file-transfer software used by Sovos,emphasising the importance of robust cybersecurity measures to prevent unauthorised access to confidential data.
• Victims of the breach were advised to take steps to protect their personal information, such as enrolling in credit monitoring services, changing passwords, and monitoring account statements for signs of fraudulent activity.

Rights and Options for Sovos Data Incident Settlement Class Members

The Rights and Options for Sovos Data Incident Settlement Class Members are as follows:

• Submit a Claim Form: To qualify for a cash payment, Settlement Class Members must submit a Claim Form by mail or online before the specified deadline.
• Opt Out: Individuals can choose to exclude themselves from the settlement and retain the right to pursue individual legal action against Sovos Compliance.
• Object: Settlement Class Members have the right to object to the settlement by submitting written objections before the objection deadline.
• Do Nothing: Those who take no action will not receive a settlement payment but will still be eligible for free credit monitoring services.

Claiming Sovos Compliance Data Incident Settlement

To submit a claim for benefits from the Sovos Compliance data incident settlement, individuals must follow the process outlined below:

• Eligibility Check: Ensure that you received a data breach notice from Sovos or a Sovos customer indicating that your information was compromised to qualify for the settlement benefits.

• Claim Submission Options:
  • Online: Submit a claim electronically through at sovosdataincidentsettlement.com/.
• Mail:
  • Send a completed hard copy Claim Form to the Settlement Administrator at:
    • In re Sovos Compliance Data Security Incident Litigation
    • c/o Kroll Settlement Administration
    • P.O. Box 5324
    • New York, NY 10150-5324
• All claims will be reviewed for completeness and validity by the Settlement Administrator.

The deadline to submit a claim form is June 10, 2024. Ensure your claim form is either postmarked by this date or submitted online by the deadline.

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