Canon Data Breach Settlement for Data Breach

If you were impacted by the Canon Data Incident, you may be eligible for benefits from a class action settlement. This detailed guide will give you all the information you need about the settlement, such as who qualifies, the amount you may receive, and the steps required to claim your award.

Who Benefits?: Individuals who received a "Notice of Data Security Incident" from Canon around November 24, 2020. How much can I get?: Eligible claimants may receive up to $300 for ordinary expenses or up to $7,500 for extraordinary expenses, plus two years of credit monitoring services.

Important Dates

• Fairness Hearing: April 25, 2024, at 02:30 pm.
• Deadline to File a Claim: April 15, 2024.

Understanding Settlement Class Membership

Settlement Class Members include U.S. residents who were sent a notice about the data breach incident by Canon on or around November 24, 2020. These individuals are considered Settlement Class Members and may be entitled to various benefits if they submit a valid and timely claim.

Settlement Class Members may include Canon employees from 2005-2020, their beneficiaries, and dependents, whose personal information such as names, Social Security Numbers, driver's licenses, or government-issued identification numbers, financial account numbers, electronic signatures, and dates of birth may have been exposed.

• Settlement Class Members who received the notice
• Beneficiaries and dependents of Canon employees from 2005-2020

Excluded from the Settlement Class are: (i) Canon and its officers and directors; (ii) all Settlement Class Members who timely and validly request exclusion from the Settlement Class; (iii) the Judge assigned to evaluate the fairness of this settlement; and (iv) the attorneys representing the Parties in the Litigation.

Detailed Breakdown of Settlement Awards

Settlement Class Members can claim reimbursement for ordinary and extraordinary expenses incurred due to the data breach. They are also eligible for credit monitoring services.

Ordinary expenses up to $300 may include credit report costs, credit freeze fees, card replacement fees, late fees, account fees, and compensation for time spent dealing with the data breach aftermath. Extraordinary expenses up to $7,500 cover unreimbursed monetary losses directly caused by the data breach.

• Ordinary Expense Reimbursement: Up to $300
• Extraordinary Expense Reimbursement: Up to $7,500

The Incident Leading to the Settlement

The settlement stems from a ransomware attack on Canon around August 4, 2020, which potentially exposed the personal information of certain individuals.

• Ransomware attack date: August 4, 2020
• Notification date: November 24, 2020

Is Proof Required to Claim the Reward?

Yes, claimants must provide documentation to support their claims for reimbursement.

How to Claim Your Award

To claim your award, submit a Claim Form online at Canon Claims Settlement or by mail postmarked by April 15, 2024. Include all required documentation and information about expenses incurred due to the Data Incident.

For mailed claims, send to: Canon Data Breach Claims Administrator, P.O. Box 2057, Portland, OR 97208-2057.

Analyzing the Settlement Terms

The settlement provides financial compensation and credit monitoring services to those affected by the data breach. The exact reimbursement amounts depend on the documented losses incurred by the claimants.

The settlement amount is allocated to cover both ordinary and extraordinary expense reimbursements, as well as credit monitoring services for two years.

The Reason Behind the Canon Data Breach Settlement

The class action settlement arises from a ransomware attack on Canon, which led to a potential exposure of personal information. The settlement aims to compensate affected individuals for their losses and provide protective measures against future incidents.

Following the Court's approval, eligible Settlement Class Members will receive their respective benefits.