So, here’s the deal: A US bank, The Bank of Canton (yes, the one from Massachusetts—apparently they don’t just make dumplings), has decided to throw up to $10,000 at customers who were allegedly affected by a data breach that exposed all their private info. Because, you know, nothing screams “We’re sorry” like a fat paycheck. 💸
According to some legal fine print from the settlement administrator’s portal (a real page-turner), the bank has agreed to cough up a whopping $300,000 to settle a lawsuit accusing them of, surprise, negligent data security practices. Who could have seen that coming?
Now, if you’ve been caught in this cyber mess, you’re in luck! Class members, which includes literally anyone who’s ever had any dealings with The Bank of Canton, will be eligible to get up to $2,500 for “ordinary” losses. But hold onto your hats, folks—if you’ve suffered “extraordinary” losses, you might be walking away with up to $10,000. Yes, you read that right. A cool ten grand. I guess it’s not such a bad day to have your data compromised after all.
But wait, before you start planning your spending spree, there’s some paperwork involved. You’ll need to prove that your losses were, in fact, triggered by the breach. No documentation? No worries! Just take the $100 alternative payment and save yourself the trouble. I mean, who needs all that paperwork, right?
Oh, and the clock is ticking! Claims must be submitted by October 9th, and there’s going to be a final approval hearing in Massachusetts on October 21st. That’s when the judge will officially give this whole thing the green light. After that, the money starts rolling in, provided the judge doesn’t have a sudden change of heart.
The breach itself, by the way, occurred in May 2023. A bunch of cybercriminals reportedly broke into MOVEit Transfer, a file-sharing system used by a third-party vendor. Because when you’re a hacker, you always aim for the easy targets, right?
The lawsuit claims that, among other things, sensitive data like account names, numbers, and Social Security numbers were exposed. But The Bank of Canton, ever the gracious party, denies everything. Of course, they do. They’re probably just waiting for someone to throw them a “Data Breach Victim Support” parade or something.
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2025-07-26 03:21