In 2019, nearly 98 million Capital One Bank customers were affected by one of the largest data breaches in banking history. Sensitive personal information, including credit card numbers, bank account details, and personal identification numbers, was exposed to hackers. This breach caused serious concerns regarding the security of consumer data, leading to widespread identity theft and fraud.
In response to the breach, Capital One agreed to a massive $190 million settlement in 2025 to compensate affected customers and help mitigate the damage caused. This settlement is part of a broader initiative to hold financial institutions accountable for inadequate data protection practices.
Capital One Bank Settlement Overview
| Details | Information |
|---|---|
| Bank | Capital One Bank |
| Program | Capital One Data Breach Settlement |
| Settlement Amount | $190 million |
| Date of Data Breach | 2019 |
| Eligibility Period | Opened from September 1, 2015, to January 12, 2022 |
| Additional Support | Identity restoration services until February 13, 2028 |
| Country | United States |
| Official Settlement Website | www.capitalonesettlement.com |
tal One Settlement?
Not everyone who was affected by the Capital One data breach is eligible for compensation. To qualify for the settlement, individuals must meet the following criteria:
- Active Account Holders: Those who had an active Capital One credit card or bank account between September 1, 2015, and January 12, 2022.
- Proof of Losses: Individuals must provide proof of financial losses, fraud, or unauthorized transactions that occurred as a result of the breach.
- U.S. Citizenship: Eligible claimants must be U.S. citizens.
Capital One Settlement Payment Dates
The payment process for this settlement is being carried out in several phases:
- Final Approval: The settlement was approved on September 13, 2022.
- First Payment Round: The first round of payments was distributed on September 28, 2023.
- Second Payment Round: The second round of payments took place on September 4, 2024.
Additionally, Capital One has committed to providing identity restoration services to all affected individuals until February 13, 2028. This ongoing support is a key part of the settlement, ensuring that individuals whose identities were compromised can restore their security over the long term.
Impact of the Capital One Settlement
While the monetary compensation is crucial, the broader significance of this settlement lies in the accountability it holds financial institutions to. The Capital One data breach caused significant mental and financial distress for its customers, many of whom experienced unauthorized transactions and identity theft.
This settlement represents a significant step forward in making financial institutions take data security more seriously. It also provides vital support for individuals trying to recover from the damage caused by the breach.
How to Claim Your Capital One Settlement Amount
If you believe you were impacted by the 2019 Capital One data breach, here’s how you can claim your settlement:
- Eligibility Check: Ensure that you meet the eligibility requirements (having an active Capital One account between September 1, 2015, and January 12, 2022).
- Submit a Claim: You must fill out a claim form either online or by mail. This form can be accessed through the official Capital One Settlement website.
- Claim Status: Once your claim is submitted, you’ll receive updates via email or mail regarding your claim status and payout details.
- Prioritization: Individuals who suffered significant financial losses will be prioritized during payout distribution.
(FAQs)
1. When will settlement payments be made?
Payments have been distributed in stages: the first round occurred on September 28, 2023, with the second round on September 4, 2024.
2. How can I claim my settlement?
You must submit a claim form through the official settlement website or by mail. You can track your claim status on the settlement portal.
3. Will Capital One provide any additional support?
Yes, Capital One will provide identity restoration services to affected individuals until February 13, 2028, to help restore their security.
This settlement not only offers financial relief to those impacted by the breach but also demonstrates how large financial institutions must prioritize data security to prevent future breaches.