Up to $4,200 Available for Victims of the Paycom Data Breach: How to Claim Your Money

Published on: November 9, 2024

In 2023, Paycom, a company that helps businesses with payroll and HR technology, faced a serious data breach. Personal information from their clients was stolen, affecting many individuals.

If your data was part of this breach, you may be eligible to receive compensation through a settlement. Here’s everything you need to know about the Paycom data breach settlement.

What Happened During the Paycom Data Breach?

Paycom’s data breach happened between July and October of 2023. During this time, personal information from Paycom clients was stolen, including data transferred through MOVEit, a secure file transfer app. This breach exposed the victims’ identities, making them vulnerable to identity theft.

As a result of the breach, a class action lawsuit was filed against Paycom. A class action lawsuit is when a group of people with similar complaints sue a company together. In this case, the lawsuit claimed Paycom didn’t do enough to protect the data, and it should be held responsible for the damages.

The Paycom Settlement

To avoid a long legal battle, Paycom settled the case for $900,000. However, the company did not admit to any wrongdoing. Instead, the company agreed to pay the settlement money to those affected by the breach, and people who qualify can file claims to receive part of the money.

Who Is Eligible for the Paycom Settlement?

To be eligible for the settlement, you must meet two main requirements:

Live in the United States: You need to be a U.S. resident.
Be Affected by the Breach: Your personal information must have been stolen during the breach that occurred between July and October 2023. If Paycom informed you that your information was stolen, you may qualify.

If you were notified by Paycom or received a postcard with a Claim Login ID and PIN, you are likely eligible to file a claim. If you’re unsure, you can call (844) 804-3284 or email [email protected] to speak with a representative.

How Much Compensation Can You Get?

If you were affected by the Paycom data breach, you might be able to claim money from the settlement. The amount you can get depends on the harm caused by the breach:

Up to $2,500: If you lost money due to the breach, you can claim up to $2,500.
Up to $4,200: If your identity was stolen after the breach, you can claim up to $4,200 and get three years of free credit monitoring.

These claims must be submitted before November 7, 2024. This is the final deadline to file a claim or object to the settlement. If you miss the deadline, you may lose the chance to get compensation.

How to File a Claim

To file your claim, you should use the information on the postcard you received from Paycom. The company already knows who was affected, so you don’t need to submit extra paperwork.

Just follow the instructions on the postcard, or visit the official Paycom data settlement website to complete your claim.

If you were affected by the Paycom data breach, you could be eligible for compensation. Make sure to file your claim before the deadline on November 7, 2024.

If you’re unsure about your eligibility, reach out to the class administrator for help. Taking action soon could help protect your finances and give you some peace of mind.

1. What is the Paycom data breach?

The Paycom data breach occurred in 2023 when personal data from Paycom clients was stolen, putting many people’s identities at risk.

2. How do I know if my data was affected by the breach?

Paycom should have notified you if your data was stolen. If you didn’t receive a notification, you might not be eligible for the settlement.

3. What are the eligibility requirements for the Paycom settlement?

You must live in the U.S. and have been affected by the breach between July and October 2023.

4. How much can I claim from the settlement?

You can claim up to $2,500 if you lost money because of the breach or up to $4,200 if your identity was stolen, along with three years of credit monitoring.