MOVEit Cadence Bank Data Breach Settlement 2026 – File a Claim for Up to $2,500
Cadence Bank is settling a class action over the 2023 MOVEit data breach — and if your personal information was caught in the crossfire, you may be eligible for up to $2,500 in reimbursement, a $100 cash payment, or two years of free credit monitoring from a $5.25 million settlement fund. No proof required for the cash or monitoring options.
What happened
Class period: May 28, 2023 through May 31, 2023
- In May 2023, cybercriminals exploited a vulnerability in MOVEit Transfer, a file transfer tool used by hundreds of companies including Cadence Bank, and helped themselves to personally identifying information (PII) they had no business touching
- The breach window was narrow (May 28 to May 31, 2023) but the fallout was wide: names, Social Security numbers, financial account details, and other sensitive data were potentially exposed
- Cadence began notifying affected customers around September 15, 2023
- A class action lawsuit followed, alleging Cadence failed to adequately protect customer data
- Cadence denies wrongdoing but agreed to a $5,250,000 settlement rather than let the case drag on, and eligible class members can now file a claim
What you can get
Ordinary loss reimbursement
Up to $2,500
Covers out-of-pocket expenses, credit monitoring costs you already paid for, and lost time at $25/hr (up to 4 hours) Extraordinary loss reimbursement
Key dates
| Action | Date | What it means |
|---|---|---|
| Claim deadline | June 4, 2026 | Last day to file a claim |
| Opt out | May 5, 2026 | Keep your right to sue separately |
| Object | May 5, 2026 | Tell the court you disagree |
| Final hearing | July 9, 2026 | Judge decides whether to approve |
Who may qualify
- \- Received a notice from Cadence Bank stating your PII was included in files affected by the MOVEit Data Breach
- \- Your information was potentially exposed between May 28 and May 31, 2023
- \- You are a U.S. resident (the settlement class is nationwide)
How to file
- \- Visit the official settlement website at moveitcadencesettlement.com
- \- Click "Submit a Claim" and complete the online form
- \- Or download the form, fill it out, and mail it postmarked by June 4, 2026
- \- If mailing, go to a post office counter and request a manual postmark, or send via Certified or Registered Mail. The USPS changed its postmarking practices in late 2025, so don't just drop it in a blue box and hope for the best
Proof required
- \- Cash payment or credit monitoring: no proof required, just submit the form
- \- Ordinary losses: bank statements, receipts, invoices, or phone records showing unreimbursed expenses
- \- Lost time: written self-attestation only (up to 4 hours at $25/hr)
- \- Extraordinary losses: documented proof showing the loss was caused by the breach and occurred after May 31, 2023
Payment timing
Payments will be sent after the Court grants final approval at the July 9, 2026 hearing and all appeals are resolved. Check the settlement website for updates.
Important links
Contact
Extra details
- You must choose between reimbursement of losses OR the $100 cash payment. You cannot stack both, but you can combine either option with the free credit monitoring
- If total claims exceed the net settlement fund, the $100 payment will be reduced pro rata. If claims fall short, it could increase up to $1,000
- You cannot both opt out and object. Pick one lane. If you submit both, the objection gets voided and you are treated as having opted out
- Do not contact the Court, the Clerk's office, or Cadence Bank directly about your claim
FAQ
Do I need to prove I was actually harmed to file?
How much will I actually get?
What if I want to sue Cadence Bank on my own instead?
Can I get credit monitoring AND cash?
Is this related to other MOVEit breach settlements I have heard about?
Info only. Verify details on the official site. Not legal, financial, or tax advice. Legal
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