Infosys McCamish Systems, a U.S. subsidiary providing life insurance and retirement software services, has agreed to a $17.5 million class action settlement following a 2023 data breach that compromised sensitive personal information of millions of consumers. This settlement offers affected individuals the chance to claim compensation of up to $6,000 for documented monetary losses, along with two years of free credit monitoring.
Background of the Data Breach
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The breach occurred in late 2023 due to a ransomware attack, exposing data such as Social Security numbers, financial account numbers, medical information, and other personal identifiers of approximately 6.5 million people.
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Allegations claimed Infosys failed to implement reasonable cybersecurity protections and delayed breach notifications.
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Infosys denies wrongdoing but settled to avoid lengthy litigation and associated risks.
Key Settlement Details
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Class members who submit valid claims with proof of monetary losses, like unreimbursed fraud or identity theft expenses, may receive compensation up to $6,000.
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All affected individuals can receive two years of free credit monitoring services irrespective of financial losses.
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A residual cash payment estimated around $30 to $599 may be paid based on claim volume and funds remaining after other payments.
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The deadline to submit claims is December 1, 2025.
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The final settlement approval hearing is scheduled for December 18, 2025.
How to Submit a Claim
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Eligible individuals must provide documentation such as bank statements, credit reports, or bills reflecting identity theft or related expenses.
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Claims can be submitted online or by mail through the settlement administrator’s website or address.
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Claimants are advised to avoid filing fraudulent claims under penalty of perjury.
What Affected Consumers Should Know
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Filing a claim does not guarantee payment; claims are evaluated for validity and eligible losses.
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Credit monitoring can help detect identity theft or fraud early to prevent financial damages.
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The settlement aims to compensate genuine losses while encouraging improved cybersecurity practices across insurance service providers.
Summary Table: Infosys McCamish $17.5 Million Data Breach Settlement
| Aspect | Details |
|---|---|
| Settlement Amount | $17.5 million |
| Potential Individual Payout | Up to $6,000 for documented losses |
| Credit Monitoring | Two years free to all affected |
| Claim Deadline | December 1, 2025 |
| Number of Affected | Approximately 6.5 million individuals |
| Breach Type | Ransomware attack compromising personal data |
Q1: Who is eligible for this settlement?
Individuals whose personal data was compromised during the 2023 Infosys McCamish data breach and who received breach notifications.
Q2: What documentation is needed for a claim?
Proof of monetary losses such as fraudulent transaction statements or identity theft mitigation expenses.
Q3: What if I didn’t suffer financial losses?
You can still receive free credit monitoring services if you were affected.
