Fidelity Investments Agrees to $2.5M Settlement Over 2024 Data Breach

Fidelity Investments has agreed to a $2.5 million class-action settlement to resolve claims related to a 2024 data breach that exposed the sensitive personal information of approximately 77,000 customers. The lawsuit alleged that the Boston-based financial services firm failed to implement adequate cybersecurity protocols, allowing unauthorized access to account and routing numbers between August 17 and 19, 2024. While Fidelity has not admitted wrongdoing, the settlement provides compensation to affected individuals. Claimants with documented monetary losses, such as unreimbursed fraud or identity theft expenses, may receive up to $5,000. Those who filed formal complaints without specific loss documentation may receive around $100, with California residents eligible for an additional $50 under state privacy laws. Additionally, all class members are entitled to two years of credit monitoring and identity theft protection services, including $1 million in insurance coverage. To qualify, victims must submit a valid claim form by the deadline of July 27, 2026. This settlement highlights ongoing corporate liabilities regarding data security, following similar large-scale payouts by companies like Comcast and Capital One for recent breaches and consumer violations.