Cadence Bank MOVEit Data Breach Class Action Settlement
U.S. residents notified by Cadence Bank that their personal information was affected by the May 2023 MOVEit data breach.
Who’s Eligible
You may be eligible for the Cadence Bank settlement if you:
- Reside in the United States
- Were notified by Cadence Bank that your personally identifying information (PII) was included in files affected by the MOVEit data security incident, which occurred between May 28 and May 31, 2023
Eligible States
Quick Eligibility Check
Claim Deadline
What You Need to Do to Get Paid
To get paid from the Cadence Bank settlement:
Claim Online
- Visit the official settlement claim site and log in using the Unique ID and PIN from the notice mailed to you
- Complete the claim form, selecting either the $100 alternative cash payment or reimbursement for ordinary losses (up to $2,500) and/or extraordinary losses (up to $10,000)
- Check the box if you also want two years of free credit monitoring and identity theft protection
- Submit your claim by June 4, 2026
Claim by Mail
- Download and print the claim form from the settlement website
- Fill out all required fields, attach any supporting documentation, and sign the form
- Mail your completed claim form to Simpluris, the settlement administrator, at the address printed on the form
- Your envelope must be postmarked no later than June 4, 2026. Note: since USPS changed its postmarking practices in December 2025, bring your envelope to a post office counter and request a manual postmark, or send via Certified or Registered Mail, to ensure the postmark reflects your actual mailing date
Claimants can receive $100 alternative cash payment without proof. For reimbursement of ordinary losses (up to $2,500) and extraordinary losses (up to $10,000), third-party documentation is required (e.g., bank statements, receipts, invoices). Lost time claims require attestation only (up to $100).
Settlement Payout
Cadence Bank settlement payments are between $100 and $12,500 depending on the type of claim you file. Class members can choose one of two paths: the straightforward option is a flat $100 alternative cash payment, which requires no documentation and is subject to pro rata adjustment based on how many people file. The higher-value option covers reimbursement of ordinary losses up to $2,500 (including up to $100 for lost time at $25/hour) and extraordinary losses up to $10,000, but both require supporting documentation. All class members can also claim two years of three-bureau credit monitoring and identity theft protection services at no cost, regardless of which payment option they choose. Payments will be distributed after the court grants final approval of the settlement, which is scheduled to be considered at the July 9, 2026 hearing. Payment options include PayPal, Venmo, Zelle, or a mailed check.
- Attorneys’ Fees: up to 33% of Settlement Fund
- Service Award to Class Representative: up to $2,500
- Notice and Administration Costs: deducted from Settlement Fund
Settlement Documents
Background of the Lawsuit
Between May 28 and May 31, 2023, cybercriminals exploited a vulnerability in MOVEit Transfer, a third-party file transfer application used by Cadence Bank and many other organizations. The attackers gained unauthorized access to files containing the personal information of Cadence Bank customers. Cadence began notifying affected individuals on or about September 15, 2023.
A lawsuit filed in federal court in Massachusetts alleged that Cadence Bank was negligent in its data security practices, leaving customers’ personally identifying information exposed. The case, Pratt v. Cadence Bank, was consolidated into a larger multidistrict litigation covering MOVEit-related claims against multiple companies. Cadence Bank denies all allegations of wrongdoing and denies that the plaintiff would have prevailed at trial.
Rather than continue litigation, both sides agreed to a settlement of $5,250,000. For more information, visit the official settlement website. The deal covers Cadence Bank only. Claims against Progress Software Corporation, the company that licensed MOVEit Transfer, have not been resolved and remain ongoing.
Frequently Asked Questions
Who qualifies for the Cadence Bank MOVEit Data Breach Settlement?
How much can I get from the Cadence Bank MOVEit Data Breach Settlement?
What is the deadline to file a claim in the Cadence Bank MOVEit Data Breach Settlement?
Do I need documents to file a claim in the Cadence Bank MOVEit Data Breach Settlement?
When will the Cadence Bank MOVEit Data Breach Settlement payments go out?
Can I get credit monitoring through the Cadence Bank MOVEit Data Breach Settlement?
How do I opt out of the Cadence Bank settlement?
What happened in the Cadence Bank MOVEit data breach?
Settlement Administrator
MOVEit Cadence Bank Data Breach
c/o Simpluris, Inc.
P.O. Box 25226
Santa Ana, CA 92799-9834
Case Details
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Disclaimer
The information on this website is free to access and provided for general educational and informational purposes only. It is not legal advice. We summarise settlement information from official notices, court documents, settlement websites, administrators, and other primary sources where available.
Settlement details and deadlines may change. Always refer to the official settlement website or consult a licensed attorney for advice specific to your situation.
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