$12,500 up for grabs: Bank’s $5.2 million data settlement — check if you got the notice

Cadence Bank agreed to a $5.2 million settlement after a data breach linked to MOVEit software. Some affected customers may receive payments depending on their situation.

Key takeaways

Quick scan — what you need to know:

• Cadence Bank agreed to a $5.2 million settlement after a data breach linked to MOVEit software.
• Some affected customers may receive payments depending on their situation.
• People who got notices can file claims before the deadline.
• Compensation may include cash, reimbursement for losses, and free credit monitoring.

Background

What led here, in plain terms:

• The case is part of a class action related to personal data exposure.
• Cadence Bank agreed to a $5.2 million settlement after a data breach linked to MOVEit software.
• Some affected customers may receive payments depending on their situation.
• People who got notices can file claims before the deadline.

Why it matters

Why readers and decision-makers should care:

• Some affected customers may receive payments depending on their situation.
• People who got notices can file claims before the deadline.
• Compensation may include cash, reimbursement for losses, and free credit monitoring.