Kaye-Smith to Pay $2 Million to Settle 2022 Data-Breach Suit

Kaye-Smith Enterprises Inc. will pay $2 million to settle allegations the financial-services industry support provider negligently failed to protect the personal information of nearly 900,000 consumers and 48 businesses that was exposed in a June 2022 data breach, under a deal granted final approval by a federal court.

Consumers will be eligible for one year of credit-monitoring services, payment for documented losses of up to $2,500, or a pro-rata cash payment from the consumer portion of the fund after payment of documented losses, according to the plaintiffs’ motion for final approval of the settlement.

Members of the class of ...