Fidelity Settles Class Action Lawsuit Over 2024 Data Breach

Fidelity Investments agreed to a $2.5 million class action settlement to resolve a lawsuit stemming from a 2024 data breach that exposed sensitive customer information. The agreement allows payouts of up to $5,000 for affected individuals, marking a significant financial cost for the financial giant following the security incident. This development underscores the increasing risks of cyber threats in the financial sector and the necessity for stricter data protection protocols.