Posted by If you were affected by the 2023 MOVEit data breach, you may be entitled to a settlement payout of up to $12,500. The National Student Clearinghouse (NSC) has agreed to a $9.95 million class action settlement after sensitive data, including Social Security numbers, was exposed.
With the claim deadline set for May 26, 2025, eligible individuals have just 8 days left to act. This article breaks down the key details of the settlement, eligibility requirements, compensation amounts, and how to file your claim.
What Is the MOVEit Data Breach Settlement?
In May 2023, a cyberattack targeted the MOVEit file transfer software, compromising personal information stored by multiple institutions, including National Student Clearinghouse, a nonprofit that processes student records.
Why It Matters:
- Sensitive personal information, including SSNs, was exposed.
- Victims of the breach now have the opportunity to claim compensation for losses.
- The lawsuit alleged that NSC failed to implement proper cybersecurity measures. While the organization denies wrongdoing, it agreed to settle.
Who Qualifies for the $12,500 Settlement?
Only individuals whose Social Security numbers were compromised during the breach that occurred between May 28 and May 31, 2023, are eligible. If you were affected, you would have received a notification letter from National Student Clearinghouse.
Eligibility Criteria
| Criteria | Details |
|---|---|
| Affected by MOVEit breach | SSN included in compromised files (May 28–31, 2023) |
| Notification received from NSC | Confirming potential breach of your personal data |
| Filed claim form by deadline | Must be submitted or postmarked by May 26, 2025 |
| Proof of loss (if applicable) | Includes receipts, bank records, phone bills, etc. |
How Much Can You Receive?
There are multiple compensation tiers based on your losses and participation level. You can file for ordinary or extraordinary losses, or opt for a $100 cash payment if you don’t want to file documentation.
Compensation Tiers
| Type of Loss | Reimbursement Amount |
|---|---|
| Ordinary Losses | Up to $2,500 for expenses like bank fees, credit monitoring, and time lost (up to 4 hours at $25/hour) |
| Extraordinary Losses | Up to $10,000 for serious financial harm, identity theft, fraud, credit repair, or legal fees |
| Flat Payment Option | $100 cash payment, subject to pro rata adjustment |
| Additional Benefit | 2 years of free credit monitoring and ID theft insurance worth over $200 |
To be eligible for the extraordinary reimbursement, you must submit documentation showing that the loss was directly tied to the breach.
What You Need to File a Claim
If you received a notification letter, you’re likely eligible. To file your claim:
- Visit the official NSC Settlement website
- Complete the Claim Form online or by mail
- Include proof of loss (bank statements, receipts, etc.)
- Submit by May 26, 2025
IMPORTANT: If you do not file your claim by the deadline, you will lose your right to claim any compensation.
Free Credit Monitoring Services Included
All eligible class members—whether they file for financial reimbursement or not—are entitled to two years of free credit monitoring and identity theft protection, which includes:
- Three-bureau credit monitoring
- Real-time fraud alerts
- $1 million identity theft insurance
- Online dashboard for tracking credit
These services help you protect yourself against future fraud, even if you don’t file for a monetary payout.
Settlement Details Recap
| Settlement Feature | Details |
|---|---|
| Total Settlement Fund | $9.95 million |
| Deadline to File a Claim | May 26, 2025 |
| Cash Payment (optional) | $100 flat (no documentation required) |
| Reimbursement for Losses | Up to $12,500 depending on tier |
| Free Credit Monitoring | 2 years + $1 million ID theft insurance |
| Claim Form Website | Listed in official notification letter or NSC portal |
| Claims Administrator Hotline | 888-366-9156 for questions |
The clock is ticking. If you were affected by the 2023 MOVEit data breach, this may be your only chance to claim up to $12,500 in financial compensation and get free credit monitoring services. With just 8 days left until the May 26, 2025 deadline, now is the time to act.
Visit the official NSC Settlement website or call the claims administrator to complete your submission. Protect your finances and take advantage of the compensation available—because after May 26, the opportunity is gone.
FAQs
Can I still claim if I didn’t receive a notification letter?
No. Only individuals notified by NSC about their inclusion in the data breach class are eligible to claim.
Is documentation required for the $100 payment?
No. The flat $100 cash payment does not require documentation, but may be adjusted based on how many people claim it.
Can I claim both the $100 payment and credit monitoring?
Yes. All class members receive two years of free credit monitoring, regardless of whether they choose the $100 or file for loss reimbursement.