$4200 Direct Payment from Paycom: Know Eligibility & Claim Process

If a person is impacted by Paycom’s data breach of May 2023, then he can receive $4200 Direct from Paycom. This payment is compensation provided by the company to the affected customers.

The complete settlement funds given by Paycom are $900,000, up to $4200 for extraordinary losses. Citizens must file a claim to get this benefit and satisfy the eligibility criteria. This payment will be given based on a date issued by the court after the approval from Paycom.

$4200 Direct Payment from Paycom

Paycom has faced a data breach due to an issue in the MOVEit transfer software. It is a widely used file transfer application, and due to its vulnerability, insecurity has exposed the personal information of its clients and employees.

This breach has included serious data like the customers’ names, social security numbers, and bank details at risk. The $4200 Direct from Paycom is the highest payout of settlement compensation, based only on damage caused to the clients.

$4200 Direct from Paycom Complete Details

The Paycom data breach settlement offers an opportunity for clients and victims to submit claims regarding damages incurred due to breaches. Clients should fill out the application form by November 7, 2024, to include you in the settlement and get the deserved compensation.

The settlement offers various means of relieving victims of financial burdens resulting from data breaches from their shoulders. This data breach case happened in May 2023, when their clients’ personal information was involved.

Paycom is one of the best companies in payroll and HR software; it agreed to undergo several trials and has now finalized to give a Class Action Settlement amount of $900,000. The settlement amount is provided to help the victims exposed to the breach of their sensitive information, which is further used for fraudulent activities.

How Data Breaches Affect You?

• Identity Theft: Criminals may steal your information to open fraudulent accounts and take loans.
• Financial Fraud: Hackers can access financial details, leading to unauthorized transactions and withdrawals.
• Credit Damage: Victims may face issues with their credit score if fraudulent activities impact their account.

Who is Eligible for $4200 Direct from Paycom?

To receive the benefits of $4200 Direct from Paycom, citizens need to follow the eligibility criteria given by authorities. The critical factors of eligibility criteria that ensure the safe and secure distribution of payment among eligible clients are as follows:

• Citizens living in the United States of America with permanent citizenship are eligible.
• Those who have applied for the payment before the deadline are also eligible.
• Clients who have received a formal breach notification from Paycom between July and October 2023 are eligible.
• They should have valid documents to prove the damage caused by a data breach.

How much Amount can you receive?

• If a person incurred direct expenses related to the breach, they will receive up to $2500 as compensation.
• If a person has spent time dealing with breach-related issues, such as monitoring your credit report or resolving fraud, you can receive up to $100 for your time invested.
• The department will provide $25 per hour for up to 4 hours.
• Individuals who have suffered substantial losses due to the breach can claim up to $4200 directly from Paycom.

How to claim $4200 Directly from Paycom?

To claim the $4200 Direct from Paycom, citizens need to follow the basic steps mentioned below:

• Gather the necessary documents.
• Visit the department’s official website www.paycomdatasettlement.com.
• Complete the claim form available on the website.
• Upload all legal documents for verification.
• Submit the claim form before November 7, 2024.
• Wait for official confirmation to get benefits.

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