Here’s the latest on Fidelity’s data breach settlement.
Massachusetts settlement: Fidelity Brokerage Services agreed to pay $1.25 million to resolve regulatory claims by Massachusetts officials over its handling of a 2024 data breach that exposed sensitive customer information. The settlement notes concerns about gaps in notifying all affected individuals and in the response after discovery. Fidelity did not admit or deny the findings as part of the agreement. This action was announced by Massachusetts Secretary of the Commonwealth William Galvin on April 26, 2026. [PlanAdviser: Fidelity Reaches $1.25M Settlement Over 2024 Data Breach] [PlanAdviser: Fidelity Reaches $1.25M Settlement Over 2024 Data Breach]
Class action settlement: Separately, Fidelity Investments reached a proposed $2.5 million settlement to resolve a consolidated class action related to the same Aug. 2024 breach. The agreement provides cash recovery for eligible claimants (up to the stated cap per claim) and two years of credit monitoring/identity theft protection services, including up to $1 million in related insurance coverage. This settlement was reported in mid-March 2026 with subsequent coverage confirming the same amount in late March and May 2026. [Think Advisor: Fidelity Agrees to Pay $2.5M in Data Breach Class Action] [PSCA: Fidelity Settles Data Breach Case for $2.5M] [PlanSponsor: Fidelity to Pay $1.25M to Settle Massachusetts Claims from 2024 Data Breach] [Benzinga: Fidelity Reaches $2.5M Settlement Over Data Breach] [NA PA Net: Fidelity Settles Data Breach Claim for $2.5 Million]
Notable context: Fidelity had previously disclosed that the breach affected tens to hundreds of thousands of individuals and that information exposed included identifiers such as Social Security numbers and other personal data. The company has emphasized that the intrusions did not involve access to Fidelity accounts themselves, but rather to personal information. [PSCA: Fidelity Settles Data Breach Case for $2.5M] [PlanAdviser: Fidelity Reaches $1.25M Settlement Over 2024 Data Breach]
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The parties to a lawsuit that had sought to hold Fidelity to account for what it termed a “massive and preventable data breach of Defendant’s inadequately protected computer network” have come to terms.
www.psca.orgFidelity Brokerage Services will pay $1.25 million to resolve allegations by Massachusetts regulators that it failed to adequately safeguard customer data, allowing an alleged 2024 breach that exposed sensitive personal information of thousands of clients and related individuals. The settlement, announced Monday by William Galvin, secretary of the commonwealth of Massachusetts, stems from an August 2024 data breach in which a third party gained unauthorized access to documents containing...
www.plansponsor.comFidelity Investments has reached a proposed $2.5 million settlement in a class action lawsuit concerning an alleged data breach.
www.benzinga.comThe firm took pains at the time to state that the intrusions did not involve access to Fidelity accounts.
www.napa-net.orgFidelity Investments has agreed to settle allegations it failed to adequately secure its computer systems, leaving more than 75,000 clients vulnerable to a data breach.
news.bloomberglaw.comHackers took Social Security numbers and other personal information, the lawsuit alleged.
www.thinkadvisor.comA $2.5M Fidelity Investments settlement offers cash and credit monitoring to those who may have been affected by an Aug. 2024 data breach.
www.classaction.orgFidelity Brokerage Services will pay $1.25 million to resolve allegations by Massachusetts regulators that it failed to adequately safeguard customer data, allowing an alleged 2024 breach that exposed sensitive personal information of thousands of clients and related individuals. The settlement, announced Monday by William Galvin, secretary of the commonwealth of Massachusetts, stems from an August 2024 data breach in which a third party gained unauthorized access to documents containing...
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