DP Brokerage Settlement: Cash Payments Up to $5,000 Are Coming – Here’s How to Get Yours

If you were caught up in the DP Brokerage data breach back in 2022, you could be owed anywhere from $50 to $5,000 in cash. Whether you’re just hearing about this or you’ve already filed a claim, this guide breaks everything down in a simple, no-jargon way—so you know exactly where you stand.

What Actually Happened?

In December 2022, DP Brokerage experienced a data breach—basically, someone gained unauthorized access to the company’s system and may have stolen sensitive personal information. This included things like names, addresses, and possibly even Social Security numbers. That breach led to a class-action lawsuit filed by affected customers.

Rather than drag things through the court system, DP Brokerage agreed to settle. So now, if your data was exposed, you may be entitled to money or other benefits.

Who’s Eligible for a Payout?

If you lived in the United States and your data was affected by the breach, you’re most likely included in the settlement. Many people received a formal notice about this, but even if you didn’t get one, you could still be eligible if your information was part of the incident.

What Can You Get from the Settlement?

This isn’t just a one-size-fits-all payment. The settlement is offering different types of compensation depending on how the breach impacted you and what documentation you can provide:

1. Flat $50 Payment

If you don’t want to deal with receipts or paperwork, you can simply choose a $50 payment. No questions asked.

2. Lost Time (Up to $80)

If you spent time on things like checking your credit, changing passwords, or freezing accounts, you can claim up to four hours of your time at $20 an hour.

3. Ordinary Losses (Up to $2,000)

This covers typical out-of-pocket expenses related to the breach. For example, if you paid to monitor your credit or had to reissue documents like a driver’s license, you can submit proof and get reimbursed.

4. Extraordinary Losses (Up to $5,000)

If the breach caused major financial damage—like identity theft or fraud that hit your bank account—and you have documents to prove it, you could get up to $5,000.

5. Free Credit Monitoring

Even if you don’t need cash, you can choose two years of free credit monitoring and identity theft insurance. This could be helpful if you’re still worried about your information being misused.

What’s the Timeline?

The window to file a claim closed on November 30, 2024. If you got your claim in on time, here’s what happens next:

• A preliminary approval was granted by the court on August 2, 2024.

• A final hearing is scheduled for February 18, 2025.

• If the court gives final approval and no one appeals the decision, payments will start soon after that—most likely by early spring 2025.

How Will You Get Paid?

When you filed your claim, you had the option to choose how you want to receive the money—either by PayPal, Venmo, Zelle, or a paper check. If your contact or payment info has changed since then, it’s a good idea to check the official settlement website and update your details.

What If You Didn’t File?

Unfortunately, if you didn’t submit a claim by the deadline, you’re not eligible for payment anymore. However, you can still follow the case for updates, especially if similar breaches affect your data in the future.

One More Thing: Watch Out for Scams

Whenever money is involved, scammers aren’t far behind. Here’s what to remember:

• The settlement administrator will never ask you to pay a fee to receive your money.

• They won’t contact you out of the blue asking for personal or banking information.

• Stick to the official website or trusted sources to get updates or confirm your claim status.

If your personal data was affected by the DP Brokerage breach, and you filed a claim before the deadline, you may be entitled to money. Whether it’s a simple $50 or as much as $5,000 depends on how the breach impacted you and what proof you submitted.

The final court approval is expected in February 2025, and once that’s settled, payments should go out shortly after. In the meantime, it’s a good idea to double-check your claim confirmation, payment method, and stay updated through the official site.

And if you have questions about how to check your status, what documents count, or where to look—just ask. I’m here to help you figure it all out.