Fallen DNA testing firm 23andMe won court approval of a bankruptcy plan that includes settlements to provide up to $62 million to resolve thousands of data breach claims. Judge Brian C. Walsh of the US Bankruptcy Court for the Eastern District of Missouri approved the plan in a Wednesday order, overruling most creditor objections and challenges from data breach victims. Many of those former customers’ objections were deemed moot or premature, and several of them didn’t appear at a court hearing on the plan. Objections from the Justice Department’s bankruptcy watchdog and a coalition of state attorneys general were resolved ...

Finastra Settles $3.13 Million Over 2024 Data Breach Impacting U.S. Consumers Finastra Technology Inc. has agreed to a $3.13 million settlement to resolve a class action lawsuit stemming from a targeted cyberattack in October 2024. The breach exposed sensitive personal data, including names, dates of birth, Social Security numbers, and financial account details of U.S. residents. Eligible class members individuals notified of potential exposure can file claims for compensation, including up to $2,500 for documented out-of-pocket losses (e.g., identity theft, credit monitoring fees, or ID replacement costs) incurred between October 31, 2024, and November 27, 2026. Those without documented losses may receive a pro rata cash payment, with the final amount dependent on the number of valid claims. All class members are also entitled to one year of credit monitoring through CyEx Financial Shield Complete, which includes $1 million in fraud insurance. Claims must be submitted online or via mail by November 27, 2026, with proof of losses required for reimbursement. Payouts will be distributed after the court’s final approval, expected following the December 14, 2026, hearing. The settlement fund covers administration costs, up to $1.18 million in attorneys’ fees, $10,000 in service awards for class representatives, and credit monitoring expenses, with the remainder allocated to eligible claimants. Finastra denies any wrongdoing but opted to settle to avoid prolonged litigation. The breach underscores ongoing risks to personal data in cyberattacks targeting financial technology firms.