Fidelity Reaches $2.5M Settlement Over Data Breach Affecting 155,000 Customers
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Fidelity Investments has proposed a $2.5 million settlement in a class action lawsuit regarding a data breach affecting over 155,000 customers. The breach, which occurred in August 2024, compromised sensitive personal and financial information. Customers were not notified until October 2024, raising concerns about identity theft. The settlement includes compensation for losses, credit monitoring, and identity theft protection. Affected customers may receive up to $5,000 per claim, with additional payments for California residents. The court will decide on final approval on July 9.
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