If your personal information was compromised in the 2023 MOVEit data breach, you may be eligible for a payout of up to $10,000. The National Student Clearinghouse (NSC) has agreed to a $9.95 million settlement following allegations that it failed to protect sensitive consumer data.
Here’s everything you need to know about eligibility, compensation, and the deadline to file your claim before May 26, 2025.
What Happened in the 2023 Moviit Data Breach?
Between May 28 and May 31, 2023, hackers exploited a security vulnerability in the MOVEit file transfer software, gaining access to National Student Clearinghouse records. The exposed data included:
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- Social Security numbers
- Banking details
- Other personal information
This breach potentially exposed millions of students and former students to identity theft and financial fraud.
A class action lawsuit was filed against NSC, arguing that the organization failed to implement adequate cybersecurity measures. While NSC denies wrongdoing, it has agreed to a $9.95 million settlement to compensate affected individuals.
Who Qualifies for a Payout?
To be eligible for a settlement payment, you must:
Have had your Social Security number compromised in the NSC MOVEit data breach (May 28-31, 2023)
Provide proof of financial loss, such as bank statements, invoices, receipts, or fraud reports
If you’re unsure whether your data was affected, visit the settlement administrator’s website to check your eligibility.
How Much Can You Claim?
Depending on your losses, you may qualify for one of the following settlement benefits:
| Claim Type | Maximum Payout | Covered Expenses |
|---|---|---|
| Ordinary Losses | Up to $2,500 | Bank fees, credit monitoring costs, communication expenses, and lost time ($25/hour for up to 4 hours) |
| Extraordinary Losses | Up to $10,000 | Fraud-related financial losses, professional fees, credit rehabilitation, and unreimbursed monetary damages |
| Alternative Cash Payment | $100 | Available if you don’t want to submit a loss claim (amount may vary based on the number of claims) |
| Identity Theft Protection | 2 years free | Credit monitoring, real-time alerts, and $1 million in identity theft insurance |
Note: The $100 cash payment may increase or decrease depending on the number of claims submitted.
How to File a Claim
1. Gather Your Documents
Proof of loss (bank statements, fraud reports, receipts, or invoices)
NSC notification letter (if applicable)
Financial records (if claiming identity theft damages)
2. Submit Your Claim Online
Visit the MOVEit National Student Clearinghouse settlement website to file your claim.
3. Meet the Deadline
Claim Submission Deadline: May 26, 2025
Opt-Out/Objection Deadline: April 25, 2025
Final Settlement Hearing: May 12, 2025
If approved, payouts will be distributed later in 2025.
Key Takeaways
Up to $10,000 available for financial losses related to the breach
Social Security number must have been compromised
Two years of free identity protection included
Deadline to file: May 26, 2025
If you were affected, don’t miss out on your compensation! Visit the official settlement website and submit your claim today.
FAQs:
How do I check if I was affected by the breach?
You should have received a notification letter if your data was exposed. You can also check the settlement website to verify your eligibility.
Do I need a lawyer to file a claim?
No, you can file your claim online for free without a lawyer.
When will I receive my payout?
Payments will be issued after final settlement approval, likely in late 2025.
