KYB Americas Data Breach Settlement Offers Compensation to Affected Individuals In February 2025, KYB Americas Corp. experienced a targeted cyberattack that compromised the personal information of U.S. residents. The company has since agreed to a class action settlement, offering affected individuals up to $5,400 in compensation plus credit monitoring. Who Qualifies? Eligible claimants must have: - Resided in the U.S. at the time of the breach. - Received a breach notification from KYB. - Had their personal data exposed in the February 2025 incident. Compensation Options Class members can claim: - Up to $5,000 for documented extraordinary losses (e.g., identity theft or fraud) tied to the breach, with proof required. - Up to $300 for out-of-pocket expenses (e.g., credit monitoring, ID replacement). - Up to $100 for time spent addressing the incident (four hours at $25/hour). - A flat $75 payment (no documentation needed), though the final amount may adjust based on total claims. Key Details - Total cash payouts are capped at $250,000; if claims exceed this, payments will be reduced proportionally. - Deadline to file a claim: August 26, 2026. - Opt-out deadline: July 27, 2026. - Final approval hearing: September 25, 2026. - Payouts will be distributed after the court resolves any appeals. Settlement Fund Allocation The $250,000 fund covers: - $127,500 in attorneys’ fees and costs. - $2,500 service award to the class representative. - Remaining funds for eligible claims, including credit monitoring (if selected). KYB denies wrongdoing but settled to resolve the lawsuit and provide relief to affected individuals. Payments will be issued via PayPal, Venmo, Zelle, virtual prepaid cards, or physical checks.