EFS Advisors Aviben Data Breach Settlement: What You Can Claim

The monitoring benefit can be claimed along with one of the cash options. The two cash options are alternatives, not payments that can be added together.

• You may claim one year of three-bureau credit monitoring with at least $1 million in theft-protection insurance.
• You must choose one cash option: reimbursement of eligible documented losses, up to $2,500, or a $50 one-time alternative payment. The $50 option is for people who are not seeking documented-loss reimbursement.
• A timely, valid Claim Form is required for both the monitoring and cash benefits.

The notice gives examples rather than a complete list. A claim for documented losses is not simply a payment for time spent dealing with the incident; it is reimbursement for qualifying losses that you can support and connect to the incident.

• The loss must be an unreimbursed out-of-pocket loss fairly traceable to the data security incident.
• Possible expenses include certain bank, phone, data, postage, and local-travel charges. It may also include qualifying credit-report, credit-monitoring, or identity-theft insurance purchases made from February 22, 2024, through October 22, 2026.
• Fraud or identity-theft losses must have occurred after the incident and before October 22, 2026. The claimant must also have made reasonable efforts to obtain reimbursement or avoid the loss, including using available credit-monitoring and identity-theft insurance.
• You cannot recover an expense that another source already reimbursed.

Keep documents that show what you paid and help show why the expense is connected to the incident. The notice specifically requires documentation for ordinary documented-loss claims.

• Provide reasonable records that support the costs, such as receipts, credit-card statements, bank statements, invoices, telephone records, or other records not prepared by the claimant.
• A handwritten receipt or other self-prepared record cannot by itself establish a reimbursement claim, though it can help explain other records.
• The notice does not state that supporting documents are needed for the $50 alternative payment or for credit monitoring.

The notice treats filing a claim as necessary: people who do not submit one do not receive benefits.

• Submit a Claim Form online by October 22, 2026, or mail it so it is postmarked by October 22, 2026.
• The notice says an online form and a downloadable mail form are available through the settlement website. A mailed claim and supporting documents go to: EFS Data Security Incident Settlement, Attn: Claim Forms, 1650 Arch Street, Suite 2210, Philadelphia, PA 19103.
• If you received a mailed notice with a Claim Form attached, you may complete and return that form.

The stated $2,500 maximum and $50 amount are not necessarily the final cash amounts paid because of the overall cap and possible proportional reductions.

• The $850,000 cap covers much more than class-member payments. It also includes attorney fees and costs, service awards, notice and administration expenses, credit monitoring, and other settlement-required payments.
• If approved claims and these other costs exceed the cap, cash payments will be reduced proportionally. The notice does not state the final amount any claimant will receive.
• Credit-monitoring activation instructions will be emailed after approval and finality. Cash will be sent using the payment option selected on the Claim Form.
• There is no promised payment date. Approval, finality, and possible appeals can delay benefits.

Submitting a claim and deciding whether to remain in or seek exclusion from the settlement are separate choices. The notice says doing nothing does not preserve a payment claim or covered lawsuit rights.

• A person who stays in the settlement class but does nothing will not receive settlement benefits.
• If the settlement is approved and becomes final, that person will also give up the covered rights to sue, continue a lawsuit, or join another lawsuit against the defendants and other released parties over the claims resolved here.

Objecting means asking the Court not to approve some or all of the settlement. It is different from leaving the settlement. The notice says only someone who remains in the settlement class can object.

• A written objection must be filed with the Isanti County (Minnesota) District Court by October 7, 2026.
• A copy must also be sent to the settlement administrator, class counsel, and defendants' counsel by that date.
• The objection has detailed content requirements, including the objector’s contact information, grounds for the objection, signature, and information about prior objections. Someone who wants to speak at the hearing must say so in the written objection.
• The hearing is scheduled for November 6, 2026, at 9:00 a.m. CT by Zoom, but the notice says the date and time may change.