The Horizon Data Settlement is not a scam. Horizon Actuarial agreed to pay a settlement of more than $8.73 million to resolve claims that it failed to prevent a 2021 data breach. The settlement benefits individuals whose personal information was compromised in a Horizon Actuarial data breach that occurred in November 2021.
According to the data breach class action lawsuit, Horizon Actuarial failed to take reasonable cybersecurity measures that could have prevented a November 2021 data breach. These failures allegedly allowed hackers to access consumer names, Social Security numbers, birth dates and plan information.
Horizon Actuarial is an actuarial consulting firm that specializes in multiemployer plan benefits. They haven’t admitted any wrongdoing but agreed to a $8,733,446.36 settlement to resolve the data breach class action lawsuit.
Under the terms of the settlement, class members who experienced unreimbursed losses as a result of the data breach can receive up to $5,000 in out-of-pocket loss reimbursement. In order to receive this compensation, claimants must provide documentation of the losses they sustained. Class members can also receive up to $125 for five hours of lost time compensated at a rate of $25 per hour.
All claimants are eligible for a one-time payment of around $50. Claimants from California can receive an additional $50 payment. However, these payments may be decreased depending on the number of claims filed and the amount left in the settlement fund after fees, costs and other deductions.
The deadline for exclusion and objection is Jan. 22, 2024.
For more information or to submit a claim, click here.