The USAA agreed to pay a maximum of $3,250,000.00 to resolve claims that it failed to restrain a 2021 data breach that compromised individuals’ sensitive personal information.
To qualify for USAA Data Breach Settlement, Interested Individuals need to file a valid Settlement Payment Election Form before the April 7, 2025 submission deadline at 11:59 p.m. ET.
USAA Data Breach Settlement
In this class action lawsuit, it is alleged that USAA failed to implement reasonable data security measures to safeguard certain individuals’ private information and, as a result of the Data Incident, several Class Members’ Personal Information was accessed, damaged or stolen.
The plaintiff filed a lawsuit against USAA and asserted legal claims for carelessness and negligence per se under the Federal Trade Commission Act, the New York Shield Act, the Driver’s Privacy Protection Act (DPPA), violation of the DPPA, and violation of New York Business Law.
USAA denied all the allegations but agreed to settle the lawsuit to be safe from the uncertainty and risk of further litigation. The deadline to exclude yourself from the settlement and the deadline to object to the settlement are the same.
Who is eligible for USAA Data Breach Settlement?
To qualify for USAA Data Breach Settlement, individuals need to satisfy the following listed eligibility requirements.
- Candidates need to be a permanent resident of the United States.
- To qualify, individuals’ personal information was retrieved, stolen or compromised due to the unauthorized third-party access to USAA’s insurance quotation platform without their consent, identified on or around May 6, 2021.
How can You File a Settlement Payment Election Form for USAA Data Breach Settlement?
Steps to file a Settlement Payment Election Form for USAA Data Breach Settlement are listed below.
- Navigate to the https://www.usaadatasettlement.com/ website.
- From the menu bar, available options, locate the Submit Payment Election Form button and then press it.
- Enter all the required details, such as your first and last name, address, city, state, zip code, phone number, email address, etc.
- Clip up all the necessary documents with your Settlement Payment Election Form.
- Select and then enter all the required details about your selected payment receiving method.
- After verifying all the details, put out your signature, printed name, and current date in the required sessions.
- After that, Submit your Settlement Payment Election Form.
USAA Data Breach Settlement Payout Amount
It is not known yet how much each qualifying individual will receive from the Net Settlement Fund of this settlement. The payout amount of every eligible individual will depend on the total number of eligible Settlement Class Members and a total number of filed claims.
The Settlement Class is expected that more than 22,600 individuals can receive the settlement benefit amount. However, those class participants who will timely complete their Settlement Payment Election form or are otherwise located by the Settlement Administrator can receive an equal share of the Settlement Funds.
The settlement payout amount for the qualifying individuals will be distributed after deducting the Taxes, court-awarded Attorneys’ Fees and Expenses, class representatives’ service Awards, and Administration and Notice Costs from the Net Settlement Fund.
USAA Data Breach Settlement Payout Date
As of now, the USAA Data Breach Settlement Payout Date is not confirmed by officials. But it is expected that after the court’s final approval hearing that is scheduled for May 21, 2025, at 10:00 A.M. to decide whether the Settlement is fair, adequate, and reasonable or not, if the Court approves the Settlement then the qualifying individuals will be able to receive their settlement funds within a few days to weeks.
It is important to know that if there may be appeals after the final approval hearing, then your settlement payout will not be delivered before resolving the appeals. Keep in mind that sometimes, it can take more than a year to resolve filed appeals.
How will you receive USAA Data Breach Settlement Payout?
The USAA Data Breach Settlement Payout will be distributed through the settlement fund receiving method that an individual can choose while submitting a valid Settlement Payment Election form. The available settlement funds receiving methods are through PayPal, Venmo, Zelle, Virtual Prepaid card, and via physical cheques.
Keep in mind that electronic payment receiving methods are the fastest, reliable, and smooth way to get your Settlement benefit amount. Whereas, if an individual selects the paper checks settlement funds receiving method, then they can face unexpected delays in receiving their settlement payout amount.