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Fidelity Settles $2.5 Million Data-Breach Class ActionFidelity Settles $2.5 Million Data-Breach Class Action

5/17/2026

Summary

Fidelity Settles Breach

Fidelity Investments settled a $2.5 million class-action lawsuit over a breach that occurred Aug. 17-19, 2024.
The breach exposed names, Social Security numbers and account numbers.
All class members receive two years of identity-theft protection and credit-monitoring.
Eligible U.S. residents may receive $100 cash and up to $5,000 for losses.
Claims must be filed by July 27, 2026, with an opt-out deadline of June 26, 2026 and a hearing on July 9, 2026 at 2 p.m. EST.

Summary

Fidelity Settles Lawsuit

A third-party actor accessed Fidelity Investments’ computer network from August 17 to August 19, 2024.
The breach affected more than 77,000 Fidelity customers.
Fidelity and the plaintiffs settled the litigation, stating the agreement avoids further costs, risks, disruptions, and uncertainties.
Fidelity Investments said the settlement does not constitute an admission of wrongdoing.
California residents may claim an additional $50 payment under the state’s Consumer Privacy Act.

History

Historical Context

Born as Retail Credit Company in 1899 and renamed Equifax after 1970 Fair Credit Reporting Act hearings, the firm faced early FTC fines in 2000 and 2003. Its 2017 breach exposed about 147 million Americans, leading to a $700 million FTC settlement. The August 2024 Fidelity breach of 77,000 customers and a $2.5 million settlement shows continued regulatory pressure on U.S. financial data handlers.

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Fidelity Settles Breach

Fidelity Investments settled a $2.5 million class-action lawsuit over a breach that occurred Aug. 17-19, 2024.
The breach exposed names, Social Security numbers and account numbers.
All class members receive two years of identity-theft protection and credit-monitoring.
Eligible U.S. residents may receive $100 cash and up to $5,000 for losses.
Claims must be filed by July 27, 2026, with an opt-out deadline of June 26, 2026 and a hearing on July 9, 2026 at 2 p.m. EST.

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