MOVEit Customer Data Security Breach Settlement

What happened

Cadence Bank used a third-party file transfer application called MOVEit Transfer that had a security vulnerability. This vulnerability led to a data breach between May 28, 2023 and May 31, 2023, where personally identifying information of customers was compromised. Cadence began notifying affected individuals in September 2023.

Do you qualify?

Anyone who received notice from Cadence Bank that their personally identifying information was potentially compromised in Cadence Bank's MOVEit-related security incident.

What you can claim

Read from the official settlement notice. Confirm the terms that apply to you on the administrator's site before filing.

• Credit Monitoring and Identity Theft Protection Services

  Two years of three-bureau credit monitoring and identity theft protection services including dark web monitoring, identity theft insurance up to $1 million, real-time credit monitoring, and access to fraud resolution services. All Settlement Class Members may file a claim to receive this benefit.

• Reimbursement of Ordinary Losses

  $2,500 each

  Reimbursement of unreimbursed out-of-pocket expenses and losses up to $2,500 incurred as a result of the MOVEit Data Breach, including bank fees, phone charges, postage, gasoline, credit monitoring fees, and up to four hours of lost time at $25 per hour. Requires reasonable third-party documentation except for lost time claims.

• Reimbursement of Extraordinary Losses

  $10,000 each

  Reimbursement of up to $10,000 for proven, documented, and unreimbursed monetary losses more likely than not caused by the MOVEit Data Breach, including professional fees and credit repair services. Loss must have occurred between May 31, 2023 and close of Claims Period.

• Alternative Cash Payment

  $100 each

  A flat cash payment of $100 without the need to document losses or attest to time spent, subject to pro rata reduction or increase depending on total claim submission. This is an alternative to filing claims for reimbursement of ordinary or extraordinary losses.

Who is in the class

all persons in the United States who were notified by Cadence Bank that their personally identifying information ('PII') was included in files affected by the MOVEit Data Breach.

Quoted from the settlement notice.

How to file

Complete and submit a Claim Form online or by mail by June 4, 2026. Your claim will be subject to approval by the Settlement Administrator. You may need to provide documentation of losses to receive reimbursement of ordinary or extraordinary losses; a basic cash payment may be available without extensive proof.