Capital One to Pay $1,988 Per Person After Data Breach: In a major development for millions of Americans, Capital One is set to distribute settlement payments to eligible customers affected by the notorious 2019 data breach. Each person may receive up to $1,988 as part of a $190 million settlement reached to compensate individuals whose sensitive data was exposed. If you’re wondering whether you’re eligible, how the payments work, or what steps you need to take, we’ve got you covered. This article breaks it all down—from the basics of the breach to detailed guidance on how to check your payout status and enroll in ongoing free identity protection services.
Capital One to Pay $1,988 Per Person After Data Breach
The Capital One data breach settlement is a significant step in addressing the harm caused by one of the largest breaches in U.S. banking history. Eligible customers can expect payouts of up to $1,988, with payments beginning June 2025. Even if you didn’t file a claim, you can still take advantage of free identity protection services through February 2028.
| Detail | Information |
|---|---|
| Settlement Amount | $190 million |
| Average Payout Per Person | Approximately $1,988 |
| Eligibility Criteria | U.S. residents who applied for a Capital One credit card between 2005 and 2019 |
| Claim Filing Deadline | September 30, 2022 |
| Payout Distribution Start Date | June 2025 |
| Ongoing Benefits | Free Identity Defense Services until February 13, 2028 |
| Official Settlement Website | www.capitalonesettlement.com |
What Happened in the 2019 Data Breach?
In July 2019, Capital One discovered that an unauthorized hacker had accessed sensitive personal information of approximately 98 million U.S. consumers. This included names, addresses, dates of birth, Social Security numbers, credit scores, and more. The breach was due to a misconfigured firewall on the bank’s cloud server, exploited by a former Amazon Web Services engineer.
This breach was one of the largest in U.S. banking history and resulted in a class-action lawsuit against Capital One. The company denied wrongdoing but agreed to settle to resolve the claims and move forward.
Who Is Eligible?
If you meet the following criteria, you may qualify for a payout:
- You were a U.S. resident who applied for a Capital One credit card between 2005 and 2019.
- Your personal data was part of the 2019 breach.
- You submitted a valid claim by the September 30, 2022 deadline.
Payout Details and How to Get Your Money
What’s Included?
- Fixed Payments: If you filed a claim but didn’t provide documentation of specific losses, you’ll likely receive a flat payout of about $1,988 per person.
- Reimbursement for Losses: Claimants who documented financial losses, fraud, or identity theft directly tied to the breach can claim up to $25,000.
- Lost Time Compensation: Some claimants may receive compensation for up to 15 hours of lost time at $25/hour.
When Will Payments Be Sent?
Payouts began in June 2025, with payments being processed in phases. If you opted for direct deposit, you could see funds hit your account between June 5–15, 2025. Others, including those receiving checks or account credits, may get payments later in June or July.
Free Identity Protection Services – Don’t Miss Out!
Even if you missed the claims deadline, you can still benefit from free Identity Defense Services offered by Capital One until February 13, 2028. These services are provided through Pango and include:
- Dark Web Monitoring to alert you if your info is found online.
- Credit Monitoring for real-time updates on your credit status.
- Lost Wallet Protection to cancel and replace lost or stolen cards and IDs.
- Security Freeze Assistance to block unauthorized credit activity.
- $1 Million Identity Theft Insurance to cover certain losses.
Capital One to Pay $1,988 Per Person After Data Breach: How to Check Your Settlement Payout Status
- Check Your Email: Look for emails from the settlement administrator (check spam and junk folders too).
- Monitor Your Bank Account: Watch for a deposit labeled from the Capital One Settlement.
- Visit the Settlement Website: Head over to www.capitalonesettlement.com for updates.
- Contact Support if Needed: If you haven’t received payment by July 2025, reach out to the settlement administrator via the official website.
Additional Considerations for Professionals
If you’re a business owner, financial professional, or IT security specialist, here are a few insights:
- Data breaches can have long-term reputational costs beyond just payouts. Stay proactive in securing client data.
- Cloud security misconfigurations were a key factor in this breach. Conduct regular audits and implement robust access controls.
- Employee training on cybersecurity protocols can reduce the risk of similar breaches.
$2,500 Cash App Settlement in 2025; Check If You’re Eligible and When You’ll Get Paid
USA Settlement Loan Launches New Site; See If You Qualify for Fast Lawsuit Cash in Your State
Wells Fargo Just Settled for $19.5M—Are You on the Payout List?
Frequently Asked Questions (FAQs)
Q1: What if I missed the claim deadline?
You won’t receive a payout, but you can still enroll in free Identity Defense Services until February 13, 2028.
Q2: How do I know if I was affected?
Capital One notified affected individuals. If you applied for a Capital One credit card between 2005 and 2019, it’s likely your data was compromised.
Q3: Is my payout taxable?
Reimbursements for actual losses generally aren’t taxable. However, consult your tax advisor for your specific situation.
Q4: Can I still enroll in Identity Protection?
Absolutely! All affected customers can enroll in free protection through February 13, 2028.
Q5: Will this affect my credit score?
Receiving a payout doesn’t affect your credit score. However, keep an eye on your credit reports for any suspicious activity.
