Vector Security Data Breach Class Action Settlement

Individuals whom Vector Security notified that a December 2024 data breach may have compromised their private information could qualify to submit a claim for up to $2,000 and/or credit monitoring from a class action settlement. The cybersecurity incident impacted approximately 30,282 current and former employees, customers and other individuals.

Vector Security Inc. agreed to settle a class action lawsuit claiming a targeted cyberattack affecting its computer systems in December 2024. The plaintiffs alleged the breach exposed sensitive personal information, including names, Social Security numbers, driver’s license or state identification numbers, credit or debit card numbers with security codes, tax identification numbers, medical information and health insurance details.

Who can file a claim for a data breach settlement payout?

Class members are individuals residing in the United States whom Vector Security notified that the December 2024 data breach potentially compromised their private information.

How much are settlement payments?

Class members have the following benefit options:

• Out-of-pocket losses: Class members can claim up to $2,000 for documented monetary losses traceable to the data breach. Eligible expenses include losses due to identity theft or fraud; fees for credit reports, credit monitoring or freezing/unfreezing credit; costs to replace IDs; and postage for contacting financial institutions.
• Lost time: Class members can claim up to three hours at $20 per hour ($60 maximum) for time spent dealing with the data breach. This includes changing passwords, investigating suspicious account activity and researching the breach.
• The $2,000 out-of-pocket losses cap includes lost time payments.

• Alternative cash payment: Class members who do not submit an out-of-pocket losses and/or lost time claim can submit a claim to receive a one-time cash payment estimated at $50. The settlement administrator will determine the final payment amount by the number of claims filed.
• Credit monitoring: All class members can elect to receive one free year of CyEx Financial Shield Complete. Services include monitoring for fraud or identity theft, unauthorized financial transactions, personal information associated with high-risk transactions and access to a fraud resolution agent if needed.

How to claim a class action rebate

To receive a settlement payment, class members can file a claim online or print the PDF claim form to complete and mail or email to the settlement administrator.

Settlement administrator's mailing address: Vector Data Incident Settlement, c/o Settlement Administrator, PO Box 25226, Santa Ana, CA 92799-9958

Settlement administrator's email address: info@VectorSettlement.com

The claim deadline is Sept. 15, 2026.

Required proof and claim information

• To submit an online claim, class members must provide the login ID and PIN from the settlement notice they received.
• To submit an out-of-pocket losses claim, class members must provide supporting documentation, which may include receipts invoices, bank or credit card statements showing unreimbursed fees or fraudulent charges, and other proof of expenses or identity theft and fraud.
• To submit a lost time claim, class members must provide a brief description of the activities they spent and their relationship to the breach.

Payout options

• PayPal
• Venmo
• Zelle
• Virtual prepaid card
• Paper check mailed to the address provided

Settlement fund breakdown

The settlement fund will include:

• Settlement administration costs: Up to $60,000
• Attorneys' fees and costs: Up to $250,000
• Service awards to class representatives: Up to $5,000 each
• Credit monitoring: Cost determined by number of claims filed
• Out-of-pocket losses and lost time claims: Total determined by number of valid claims filed
• Alternative cash payments: Up to $185,000

Important dates

• Deadline to file a claim: Sept. 15, 2026
• Opt-out deadline: Sept. 15, 2026
• Final approval hearing: Oct. 6, 2026

When is the Vector Security data breach settlement payout date?

The settlement administrator will issue payments to approved claimants no later than 60 days after the court grants final approval of the settlement.

Why is there a class action settlement?

The class action lawsuit alleged a targeted cyberattack in December 2024 allowed unauthorized access to files containing sensitive personal information Vector Security Inc. held. The plaintiffs claim the company failed to adequately protect this information.

Vector Security denies the allegations but agreed to settle to avoid the expense and risk of further litigation.

Sources

1. Class notice
2. Settlement website FAQ page
3. Claim form
4. Settlement agreement