Final weeks to get up to $5k from $1.5m data breach settlement – and you only need to show one doc to get cash

AMERICANS can cash in on a huge payout of up to $5,000 from a $1.5 million data breach settlement. The money is being handed out by Ingo Money to settle claims that it compromised sensitive information, after failing to prevent a data breach in 2023.

Ingo Money is a financial tech company that offers services like mobile check cashing, payment solutions and digital banking. The company agreed to a $1.5 million class action lawsuit to resolve claims about a data breach that reportedly took place on November 3, 2023.



The data breach is said to have compromised names, Social Security numbers, financial account information, driver’s license numbers and other sensitive data. Plaintiffs in the lawsuit argue that Ingo Money’s failure to put in place data security measures violated various state laws. Read more on money Ingo Money has not admitted any wrongdoing but agreed to a $1.

5 million class action settlement to resolve these allegations. Consumers can receive a payout of up to $5,000 for documented losses or a pro rata cash award. All class members can receive free credit monitoring and up to $1 million in identity theft insurance.

Ingo Money also agreed to improve its business practices to better protect consumer data - these improvements will cost the company $350,000. Most read in Money The final approval hearing for the settlement is June 17. The deadline for submitting a valid claim form is May 15.

Meanwhile, Americans can receive up to $500 from a $2.5 million data breach settlement. The money is being handed out by Professional Finance Co.

(PFC) to settle claims it failed to prevent a 2022 data breach. Professional Finance Co. is a debt management company that collects debt on behalf of healthcare providers, retailers, banks and other businesses.

The deadline for submitting a valid claim form is April 25. Americans can also get up to $4,000 from a $7.5 million data breach settlement.

PostMeds Inc. is transferring the money to settle claims it compromised sensitive information in a data breach in 2023. Read More on The US Sun PostMeds, Inc.

, which does business as Truepill , provides online pharmacy delivery services. The deadline for submitting a valid claim form is May 12..