$300K Bank of Canton settlement resolves data breach class action – Claim Depot
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Bank of Canton customers who received notice that their personally identifiable information may have been compromised in the 2023 MOVEit security incident could qualify to claim up to $12,500 from a class action settlement.
The Bank of Canton agreed to pay $300,000 to resolve a class action lawsuit alleging negligent data security practices that led to the data breach, which occurred on or around May 27, 2023, when Fiserv Inc., a third-party service provider, experienced a cybersecurity incident involving the MOVEit file transfer software. As a result, sensitive customer information, such as names, account numbers and Social Security numbers, may have been exposed.
The settlement class includes all current, former and/or prospective customers of The Bank of Canton in the United States whose personally identifiable information was included in files impacted by the MOVEit security incident.
Anyone who received a notice from The Bank of Canton about the potential compromise of their data due to the MOVEit security incident is likely included in the settlement class.
Class members may claim:
If the total value of all approved claims exceeds the net settlement fund (the amount remaining after deducting notice, administration, attorneys’ fees and service awards), then all payments will be reduced proportionally.
Class members can submit the online claim form or download, print, complete and mail the PDF claim form to the settlement administrator. The deadline to submit a claim is Oct. 9, 2025.
Settlement administrator’s mailing address: MOVEit Gilmore v. Bank of Canton Settlement Administrator, P.O. Box 4875, Portland, OR 97208-4875
The type of proof or documentation required depends on the type of claim:
The $300,000 settlement fund covers:
Payments will be made after the court grants final approval of the settlement and any appeals are resolved.
The class action lawsuit alleged a cybersecurity incident in May 2023 allowed cybercriminals to exploit a vulnerability in the MOVEit file transfer software used by Fiserv Inc., a third-party service provider for The Bank of Canton. This breach potentially exposed customers’ personally identificable information, including account names, numbers and Social Security numbers. The plaintiff claimed The Bank of Canton was negligent in its data security practices.
The Bank of Canton denied any wrongdoing but agreed to settle to avoid the cost and uncertainty of litigation.
Find any open class action settlement.
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96% of settlement funds go unclaimed. Be part of the 4% by subscribing to the Claim Depot newsletter and never missing a settlement.
source
This article was autogenerated from a news feed from CDO TIMES selected high quality news and research sources. There was no editorial review conducted beyond that by CDO TIMES staff. Need help with any of the topics in our articles? Schedule your free CDO TIMES Tech Navigator call today to stay ahead of the curve and gain insider advantages to propel your business!
Bank of Canton customers who received notice that their personally identifiable information may have been compromised in the 2023 MOVEit security incident could qualify to claim up to $12,500 from a class action settlement.
The Bank of Canton agreed to pay $300,000 to resolve a class action lawsuit alleging negligent data security practices that led to the data breach, which occurred on or around May 27, 2023, when Fiserv Inc., a third-party service provider, experienced a cybersecurity incident involving the MOVEit file transfer software. As a result, sensitive customer information, such as names, account numbers and Social Security numbers, may have been exposed.
The settlement class includes all current, former and/or prospective customers of The Bank of Canton in the United States whose personally identifiable information was included in files impacted by the MOVEit security incident.
Anyone who received a notice from The Bank of Canton about the potential compromise of their data due to the MOVEit security incident is likely included in the settlement class.
Class members may claim:
If the total value of all approved claims exceeds the net settlement fund (the amount remaining after deducting notice, administration, attorneys’ fees and service awards), then all payments will be reduced proportionally.
Class members can submit the online claim form or download, print, complete and mail the PDF claim form to the settlement administrator. The deadline to submit a claim is Oct. 9, 2025.
Settlement administrator’s mailing address: MOVEit Gilmore v. Bank of Canton Settlement Administrator, P.O. Box 4875, Portland, OR 97208-4875
The type of proof or documentation required depends on the type of claim:
The $300,000 settlement fund covers:
Payments will be made after the court grants final approval of the settlement and any appeals are resolved.
The class action lawsuit alleged a cybersecurity incident in May 2023 allowed cybercriminals to exploit a vulnerability in the MOVEit file transfer software used by Fiserv Inc., a third-party service provider for The Bank of Canton. This breach potentially exposed customers’ personally identificable information, including account names, numbers and Social Security numbers. The plaintiff claimed The Bank of Canton was negligent in its data security practices.
The Bank of Canton denied any wrongdoing but agreed to settle to avoid the cost and uncertainty of litigation.
Find any open class action settlement.
Class actions settlements delivered to your inbox.
This browser does not support inline PDFs. Please download the PDF to view it: Download PDF
96% of settlement funds go unclaimed. Be part of the 4% by subscribing to the Claim Depot newsletter and never missing a settlement.
source
This article was autogenerated from a news feed from CDO TIMES selected high quality news and research sources. There was no editorial review conducted beyond that by CDO TIMES staff. Need help with any of the topics in our articles? Schedule your free CDO TIMES Tech Navigator call today to stay ahead of the curve and gain insider advantages to propel your business!
