John Hancock’s $600,000 Data-Breach Deal Gets Final Court Nod

John Hancock Investment Management LLC, UBS Financial Services LLC, and their marketing vendor DG3 North American Inc. will pay $600,000 to settle allegations they failed to protect the personal information of nearly 53,000 people that was exposed in a 2024 data breach.

Class members will be eligible for reimbursement of up to $2,500 in documented losses related to the breach, or an alternative cash payment of up to $100 for those whose Social Security number was exposed, or up to $50 for those whose Social Security number wasn’t exposed, according to the plaintiffs’ motion for final approval of the ...