Numerous individuals have started receiving correspondence related to Horizon Settlement. Owing to the widespread use of court settlement names by scammers, there is growing skepticism about the authenticity of these letters.
Consequently, in this post, we will provide a brief overview of Horizon Settlement and assess the legitimacy of the letters.
What is Horizon Data Settlement?
A cyber data breach at Horizon Actuarial Services LLC in 2021 impacted approximately 100,000 individuals enrolled in employer-sponsored benefit plans. Consequently, a recent settlement has taken place in the United States District Court of the Northern District of Georgia, aiming to provide compensation. According to the court, the affected individuals have the right to be informed about this settlement.
The case is titled Sherwood, et al. v. Horizon Actuarial Services, LLC. The plaintiffs who initiated the lawsuit believe that Horizon Actuarial Services, the defendants in this case, bear responsibility for the cyber data breach.
Horizon Actuarial Services, LLC will send you a notification if you have been affected by this data breach incident and may be a member of the settlement class.
If you are eligible, you can complete a claim form on the official settlement website, which is Horizondatasettlement.com.
Is Horizon Settlement Letters Scam?
Our investigation confirms the authenticity of the letters received regarding the Horizon Settlement. These correspondences are legitimately dispatched by the relevant authorities to serve as reminders to data breach victims regarding the benefits of the settlement.
While it is reasonable to trust that these letters originate from genuine authorities, it is essential to remain vigilant for potential signs of fraudulent correspondence, particularly if impostors attempt to send official-looking emails.
In such cases, scammers often adopt the guise of legitimate authorities with subtly altered email addresses. Additionally, scam letters frequently exhibit unprofessional writing styles and grammatical errors.
If you come across any of these warning signs in communications that purport to be class action settlements, it is advisable to promptly disregard them.
Horizon Data Breach In The Past
The controversy surrounding the Horizon data settlement scams emerged as a result of a past data breach at Horizon Actuarial Services.
The Horizon Data Breach occurred in November 2021, revealing a security vulnerability within Horizon Actuarial Services.
This incident impacted approximately 100,000 individuals enrolled in work benefit plans.
The breach exposed sensitive information, including names, dates of birth, Social Security numbers, and health plan details.
Furthermore, those individuals whose personal information was compromised were not promptly notified and only received information about the breach several months later.
As a consequence, there was a significant risk of identity theft, financial fraud, and other related issues stemming from the Horizon Data Breach.
Horizon Compensation Settlement Fund Email
The company neglected to notify its employees about the exposure of their data over an extended period. Consequently, the company is obligated to compensate those who fell victim to the data breach. The affected individuals have been categorized as class members, eligible to receive settlement funds as compensation from the company. To bolster its data security measures, Horizon is required to allocate $7.75 million in non-reversionary funds.
Each class member is entitled to receive $25 as a basic individual relief amount. Additionally, each class member will be granted an extra $25 for smooth resolution of all claims. Horizon reached out to over 1 million individuals through direct emails and mailings, providing a letter explaining the settlement fund and compensation for the data breach.
Regrettably, the company’s initiative has been exploited by numerous scammers who are sending fraudulent emails to unsuspecting individuals.
Is Horizon Data Settlement Scam Or Legit?
The Horizon Data Settlement represents a genuine effort by Horizon to compensate victims of the 2021 data breach. In response to their failure to safeguard confidential data, they have sent emails to 1 million victims, promising each a $25 compensation.
However, scammers are attempting to deceive individuals by posing as Horizon and soliciting personal information. It is crucial to be vigilant regarding the Horizon Data Settlement Letter, as it could potentially be a scam.
Scammers are sending emails, impersonating Horizon and requesting personal information. To identify whether the Data Settlement letter is a scam, consider a few key factors. Typically, scam letters or emails always mention a specific amount of money, as scammers know people are more likely to respond to promises of free money. Additionally, these letters often create a sense of urgency by providing a deadline for the requested information.
Data breaches can result in identity theft, potentially causing financial losses and other forms of harm.
To identify whether the settlement letter is a scam, examine verifiable information such as contact details and the official website.
If the Horizon settlement letter originates from a verified source, it will provide comprehensive details and maintain transparency.
You can review the settlement process, payout calculation, and eligibility for the offer if the letter is from a verified source.