ALBUQUERQUE, N.M.–A settlement has been reached in a class action lawsuit against First Financial Credit Union relating to a data incident that occurred between Jan. 17 and Feb. 6 of 2022.
The incident involved a breach in which unauthorized individuals gained access to the $913.6-million FFCU’s network systems, including personally identifiable information of current and former members.
The credit union notified members of the “data security incident” here.
The Terms
As stated on FFCUSettlement.com, under terms of the settlement, FFCU has agreed to establish a $1.6 million Settlement Fund to:
- Pay for two years of three bureau credit monitoring and identity theft insurance services
- Provide cash payments of up to $150 per Class member for reimbursement of certain documented out-of-pocket expenses and lost time that resulted from the Data Incident
- Provide cash payments of up to $5,000 per Class member for reimbursement of documented extraordinary expenses that were caused by the Data Incident
- Provide cash payments to Class Members.
The Settlement Fund will also be used to pay the costs of notice and settlement administration, and any court approved attorneys’ fees, costs and expenses, and class representative service awards, according to the posting.
The Allegations
In the case, Briscoe v. First Financial Credit Union, the plaintiffs allege the compromised PII includes names, addresses, Social Security numbers, driver’s license or government ID numbers, financial account information, and credit or debit card information.
The plaintiffs further alleged FFCU did not take appropriate care to protect its current and former members from the data incident.
The Settlement includes all persons who provided their PII to FFCU and were notified that their PII may have been or was exposed to unauthorized third parties as a result of the Data Incident.
The court has granted final approval of the settlement.
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